InsideArbitrage Event Driven Monitor – July 16, 2025

Merger Arbitrage

1. ZK: The acquisition of ZEEKR Intelligent Technology Holding Limited (ZK) by Geely Automobile Holdings Limited for a closing value of $8.09 billion. Under the terms of the agreement, each Zeekr share will be exchanged for either $2.687 in cash per Zeekr Share or 1.23 newly issued ordinary shares of Geely of a nominal value of HK$0.02 each per Zeekr Share, based on the shareholders’ election. Each American depositary share (ADS) of Zeekr (representing ten Zeekr Shares) will be exchanged for either $26.87 in cash per Zeekr ADS or 12.3 newly issued Geely Shares per Zeekr ADS, which will be delivered in the form of American depositary shares of Geely based on the ADS holders’ election. The cash consideration of $26.87 per ADS represents a discount of 3.41% from the stock’s last close. Each Zeekr Share or Zeekr ADS held by a Hong Kong Non-Professional Investor will be cancelled in exchange for the right to receive $2.687 in cash for each Zeekr Share or $26.87 in cash for each Zeekr ADS, and will not be exchanged for the right to receive any Geely Shares. (Press Release)
2. GOGL: Golden Ocean (GOGL) announced that a Special General Meeting of Golden Ocean will be held on August 19, 2025.
3. NVEE: Acuren (TIC) announced the expiration of the 60-day “go-shop” period for its merger with NV5 Global (NVEE). The Go-Shop Period expired on July 14, 2025.

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