Hollysys Gives Ascendent Capital The Nod. "Agnostic" Shareholders Will Approve

602 Views12 Dec 2023 10:51
Hollysys announced yesterday Ascendent Captital has emerged as the preferred suitor with a (revised) US$26.50/share Offer. Trading wide-ish to terms. Get involved.
Boomeranged on Wed, 13 Dec 2023 10:19
Reportedly (Bloomberg), the Recco-led group (including Dazheng Group Investment Holdings), has financing lined up and is weighing a revised Offer that is expected to be “significantly higher than the $26.50-a-share cash offer from Ascendent Capital”. Separately, the merger agreement doc has been filed with the SEC (see discussions below).
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