Hollysys Automation receives going private proposal for $15.47 phare in cash
Dec. 10, 2020 6:08 AM ETHollysys Automation Technologies Ltd. (HOLI)HOLIBy: Gaurav Batavia, SA News Editor
- Hollysys Automation Technologies (NASDAQ: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 $14.23
- Source: Press Release