Shares of Chinese automation control system solutions provider Hollysys Automation Technologies Ltd. (HOLI) are up more than 28% Tuesday morning.
Monday the company said its Board is evaluating a non-binding offer from Superior Emerald (Cayman) Limited, controlled by Ascendent Capital Partners, and Mr. Changli Wang, the retired founder of the Company, (the emerald Consortium) to acquire Hollysys for $23 per share in cash.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.