Buyer Consortium Led By Recco Control Technology And Dazheng Group Reaffirms $25/Share Offer For Hollysys Automation Technologies
Portfolio Pulse from Benzinga Newsdesk
A buyer consortium led by Recco Control Technology and Dazheng Group has reaffirmed their offer to acquire Hollysys Automation Technologies at $25 per share.
August 24, 2023 | 8:31 pm
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Hollysys Automation Technologies is the subject of a reaffirmed acquisition offer at $25 per share by a consortium led by Recco Control Technology and Dazheng Group.
The reaffirmed offer to acquire Hollysys Automation Technologies at $25 per share could potentially increase the stock price in the short term as it indicates a strong interest from the buyer consortium. This reaffirmation also eliminates any uncertainty about the acquisition, which is generally positive for the stock price.
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