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home / news releases / HOLI - HollySys surges post-market as board evaluates acquisition offers

HOLI - HollySys surges post-market as board evaluates acquisition offers

Hollysys Automation Technologies Ltd.
Chinese automation specialist HollySys Automation Technologies (NASDAQ:HOLI) shares are trading +22.58% post-market after its Board of Directors disclosed that it is evaluating acquisition offers from consortiums for all outstanding ordinary shares. The offers being considered include one from Superior Emerald (Cayman), controlled by Ascendent Capital Partners, for $23 per share. The second offer is from CPE Consortium, led by CPE Funds Management with Shao Baiqing and Ace Lead Profits, for $17 per share. Both offers are all-cash. Press Release

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HollySys surges post-market as board evaluates acquisition offers
Stock Information
Company Name: Hollysys Automation Technologies Ltd.
Stock Symbol: HOLI
Market: NASDAQ
Website: hollysys.com.sg
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