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- BusinessReuters SG
UPDATE 1-Razer's top execs offer to take firm private, valuing it at $3.2 bln
Razer Inc said on Thursday that a group led by its top executives proposed to take the gaming hardware maker private in a deal that values the Hong Kong-listed company at HK$24.70 billion ($3.17 billion). The group led by Chairman Min-Liang Tan and non-executive director Kaling Lim, who own around 57% of Razer, are offering HK$2.82 a share for the remainder of the company, Razer said in a stock exchange filing. The consortium believes that Razer, with headquarters in the United States and Singapore, has suffered from low trading volumes and has been undervalued in Hong Kong.
BusinessReutersChevron raises spending budget and share buybacks
U.S. oil producer Chevron Corp on Wednesday said it plans to boost spending on new oil and gas projects in 2022 by 20% to $15 billion, while also raising shareholder returns. Major oil companies are responding to a jump in profits this year from higher oil and gas prices, and have signaled they plan to revive outlays for drilling and carbon-reduction measures. Chevron increased its share buyback guidance range to $3 billion-$5 billion per year, up from a $2-$3 billion range set in July.
BusinessYahoo FinanceStock market news live updates: Stocks turn lower with Omicron, inflation in focus
Stock market news live updates: Stocks erase earlier gains with Omicron, inflation in focus
