Razer's top executives could take the company private in a deal worth billions

A grouping that includes Razer's acme executives has proposed to accept the visitor individual in a deal worth up to HK$10.79 billion ($1.38 billion) (via Reuters). The proposal values Razer at HK$24.70 billion ($three.17 billion). Chairman Min-Liang Tan and not-executive director Kaling Lim, who ain most 57% of Razer, atomic number 82 the consortium. The grouping as well 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 visitor went public in 2022.

The group is offering Razer HK$two.82 ($0.36) per share, which is a premium of approximately 55.8% over the closing cost of HK$1.81 ($0.23) per share quoted on the stock exchange on October 27, 2022.

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

An independent financial adviser will exist appointed for Razer by the visitor's board, co-ordinate 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.fifteen(two) of the Listing Rules, with effect immediately post-obit the Effective Date," explains the filing.

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

Razer shares brutal past well-nigh 8% after the announcement of the proposed deal.

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