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

  • December 8, 2020

POTENTIAL DEAL DETAILS

Stock Hollysys Automation Technologies Ltd. Symbol HOLI
Date Announced 12/07/2020 Source Press Release
Type Unsolicited Bid Acquiring 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).

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.