Hollysys is unquestionably good value here. Upside to the indicative terms is ~20%. On balance, this is probably worth getting involved here. My reservation is no closure on the 21 November.
Boomeranged on Fri, 10 Nov 2023 11:35
Recco or Ascendant? Ascendant's Offer (with a bump?) could easily get >50% of shares out, and spill the board. Alternatively, IF Ace Lead's stake remains contested, another SGM with a separate record date could be called, regrouping with Ascendant, and approving the resolutions to secure the board. Recco, with no shares held, looks to have a weaker hand. More details in discussions at the bottom.
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