POTENTIAL DEAL DETAILS
|Stock||Hollysys Automation Technologies Ltd.||Symbol||HOLI|
|Date Announced||08/02/2021||Source||Press Release|
|Type||Unsolicited Bid||Acquiring Company/Person||Superior Emerald Limited and Mr. Changli Wang, the founder of the Company|
HollySys Automation Technologies Ltd. (HOLI) announced that the Company’s Board of Directors is in the process of evaluating a non-binding offer from Superior Emerald Limited, a company controlled by Ascendent Capital Partners, and Mr. Changli Wang, the founder of the Company.
November 15, 2021: HollySys Automation Technologies Ltd. (HOLI), announced that the Company’s Board of Directors is in the process of evaluating a non-binding offer from Zhejiang Longsheng Group Co., Ltd. and Loyal Valley Innovation Capital Limited (collectively, the “Lonsen Consortium“), to acquire all of the outstanding ordinary shares of the Company for US$24.00 per share in cash. Following the Company’s public announcement on November 2, 2021 regarding the change of the Company’s auditor, the Lonsen Consortium has reaffirmed its interest to pursue the Transaction, subject to due diligence.
January 24, 2022: Recco Control Technology Pte. Ltd. and Dazheng Group Investment Holdings Company Limited, as certain members of the buyer consortium, announced that the consortium submitted a non-binding proposal to acquire Hollysys Automation Technologies Ltd. (HOLI) in an all-cash transaction via a friendly negotiated merger. Under the terms of the proposed acquisition, Hollysys shareholders would receive $25 per Hollysys share in cash.
March 15, 2022: The state-owned operator of Beijing’s railway and subway Beijing Infrastructure Investment Co. is considering a bid for Hollysys Automation Technologies Ltd. (HOLI) that could value the U.S.-traded Chinese firm at as much as $1.9 billion, people with knowledge of the matter said.
July 8, 2022: Buyer consortium led by Recco Control Technology Pte. Ltd. and Dazheng Group Investment Holdings Company Limited announces that UBS AG Hong Kong Branch has been engaged by Recco Control Technology and Dazheng Group as the financial advisor in connection with the consortium’s proposed acquisition of Hollysys Automation Technologies Ltd. (HOLI).
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