Hollysys Forms Special Committee Of Board To Conduct Formal Sale Process; To Evaluate Proposal From Bidder Group
Portfolio Pulse from Benzinga Newsdesk
Hollysys Automation Technologies has formed a special committee of its board to conduct a formal sale process. The committee will evaluate a proposal from a bidder group.
October 02, 2023 | 10:02 am
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Hollysys Automation Technologies is conducting a formal sale process, which could potentially lead to a change in ownership.
The formation of a special committee to conduct a formal sale process indicates that Hollysys is seriously considering a sale. This could potentially lead to a change in ownership, which could have significant implications for the company's future direction and strategy. This news is highly relevant to Hollysys and could have a significant impact on its stock price.
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