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Reported Sunday, Buyer Consortium Led By Dazheng Group Proposes Enhanced $29/Share All-Cash Offer To Acquire Hollysys, Deeming It Superior To Ascendent Capital's Bid

Author: Benzinga Newsdesk | December 26, 2023 02:28am

Enhanced proposal is 9.4% higher than the Ascendent Capital offer and is backed by secured financing
Ascendent Capital's proposal does not represent the best value for shareholders
The Consortium has full confidence that the Hollysys Board will deem its enhanced proposal superior and remains ready to enter into a merger agreement

Posted In: HOLI