Hollysys Automation Technologies (HOLI) discloses a preliminary non-binding proposal

  • December 8, 2020

POTENTIAL DEAL DETAILS

StockHollysys Automation Technologies Ltd.SymbolHOLI
Date Announced12/07/2020Source Press Release
TypeUnsolicited BidAcquiring Company/Person N/A

Hollysys Automation Technologies (HOLI) discloses a preliminary non-binding proposal to acquire all publicly held shares for $15.47/share in cash. The offer comes from a consortium including co-founder and former Hollysys CEO Baiqing Shao and Chinese P-E firm CPE Funds Management.

Update(s):

January 29, 2021: The consortium including co-founder and former Hollysys CEO Baiqing Shao, Ace Funds and Chinese P-E firm CPE Funds Management sweetened bid offer to acquire Hollysys Automation Technologies (HOLI).

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