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.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com