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HOLI - Hollysys Automation receives going private proposal for $15.47 phare in cash
Hollysys Automation Technologies Ltd.
Hollysys Automation Technologies (HOLI) has received an unsolicited non-binding proposal letter from a consortium comprised of Mr. Baiqing Shao, Ace Lead Profits Limited and CPE Funds Management to acquire all of the outstanding shares for $15.47 in cash.The Company's board of directors is consulting with its legal advisors and will evaluate the proposal accordingly HOLI +1.8% after hours to $14.23Source: Press Release