Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.


home / news releases / HOLI - Hollysys Automation gets takeout proposal at $15.47/share

HOLI - Hollysys Automation gets takeout proposal at $15.47/share

Hollysys Automation Technologies Ltd.
Hollysys Automation Technologies (HOLI) +18.3% post-market after disclosing a preliminary non-binding proposal to acquire all publicly held shares for $15.47/share in cash, which represents a 24% premium to the stock's Dec. 4 closing price.The offer comes from a consortium including co-founder and former Hollysys CEO Baiqing Shao and Chinese P-E firm CPE Funds Management.The group also urges the Hollysys board to take necessary action to render the company's shareholder rights plan inapplicable to the proposal.Hollysys shares "look very attractive from a technical and fundamental perspective," Individual Trader writes in a bullish analysis posted recently on Seeking Alpha.

For further details see:

Hollysys Automation gets takeout proposal at $15.47/share
Stock Information
Company Name: Hollysys Automation Technologies Ltd.
Stock Symbol: HOLI
Market: NASDAQ
Website: hollysys.com.sg
Menu
HOLI HOLI Quote HOLI Short HOLI News HOLI Articles HOLI Message Board
Get HOLI Alerts

News, Short Squeeze, Breakout and More Instantly...