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Hollysys shares jump after receiving non-binding offer to be acquired for $25/share

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  • Hollysys Automation Technologies (NASDAQ:HOLI) shares jumped 10% premarket after Recco Control Technology and Dazheng Group (Hong Kong) Investment Holdings Company Limited, as certain members of the buyer consortium has submitted a non-binding proposal

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Comments (9)

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m
seems it would be important to note that the company has decided it is not currently considering a sale of the Company and thus will suspend further evaluation of all unsolicited buyout proposals that the Company has received.
www.sec.gov/...
P
The offers are starting to look pretty attractive
Paddymcilvenna profile picture
@Peder Steen Jensen but also increasingly well timed after lack of movement in the stock after the prior offer. Bit suspicious..
m
@Paddymcilvenna Beijing, China – January 24, 2022 – Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (“Hollysys” or the “Company”), a leading provider of automation and control technologies and applications in China, announced today that its board of directors (the “Board”), after careful review and consideration with the assistance of its executive management team as well as external financial and legal advisors, has resolved that it is not currently considering a sale of the Company and thus will suspend further evaluation of all unsolicited buyout proposals that the Company has received.
Paddymcilvenna profile picture
@mrwangting Bizarre !!
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