Razer’s top executives could take the company private in a deal worth billions – Windows Central

December 2, 2021 by No Comments

A group that includes Razer’s top executives has proposed to take the company private in a deal worth up to HK$10.79 billion ($1.38 billion) (via Reuters). The proposal values Razer at HK$24.70 billion ($3.17 billion). Chairman Min-Liang Tan and non-executive director Kaling Lim, who own nearly 57% of Razer, lead the consortium. The group also includes private equity firm CVC Capital Partners. Details of the proposal are listed in a regulatory filing (PDF).

Razer, known for making some of the best laptops and best gaming accessories, was founded in 2005. The company went public in 2017.

The group is offering Razer HK$2.82 ($0.36) per share, which is a premium of approximately 55.8% over the closing price of HK$1.81 ($0.23) per share quoted on the stock exchange on October 27, 2021.

As noted by Nikkei, the consortium believes that Razer has been undervalued in Hong Kong and that the company has suffered from low trading volumes.

An independent financial adviser will be appointed for Razer by the company’s board, according to the filing.

The trade of Razer stock has been halted. “The Company will make an application to the Stock Exchange for the withdrawal of the listing of the Shares on the Stock Exchange, in accordance with Rule 6.15(2) of the Listing Rules, with effect immediately following the Effective Date,” explains the filing.

The filing specifies that the cancellation price will not increase in the future.

Razer shares fell by almost 8% after the announcement of the proposed deal.

A huge leap in performance

The new 5nm Qualcomm Snapdragon 8cx Gen 3 hits PCs in early 2022

Qualcomm just announced its latest processors for Windows PCs. The Snapdragon 8cx Gen 3 and new 7c+ Gen 3 are set to hit new devices in the first half of 2022, with substantial performance gains over the previous generations. While not as powerful as the expected Nuvia-chips, these new Snapdragons hit 5nm and 6nm architectures.

For gamers by gamers

These are the Razer mice to buy in 2021

Razer makes some of the best gaming mice around, so it’s natural that you’re considering one for your next purchase. But Razer also has a pretty large portfolio, so we’re going to help you choose the right one.

Source: https://www.windowscentral.com/razers-top-executives-could-take-company-private-deal-worth-billions

Tags:

Leave a Comment

Your email address will not be published.