Buyer Consortium Led By Recco Control Technology And Dazheng Group Responds To Hollysys' Update On Sale Process; Says Consortium Remains Extremely Interested In Acquiring Company
Portfolio Pulse from Benzinga Newsdesk
A buyer consortium led by Recco Control Technology and Dazheng Group has expressed continued interest in acquiring Hollysys Automation Technologies Ltd. (HOLI), despite the company's recent update on its sale process.
October 24, 2023 | 7:19 pm
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POSITIVE IMPACT
The consortium led by Recco Control Technology and Dazheng Group's continued interest in acquiring Hollysys Automation Technologies could potentially influence the company's stock price.
The news of a potential acquisition often leads to an increase in the stock price of the company being acquired. In this case, the continued interest of the consortium led by Recco Control Technology and Dazheng Group in acquiring Hollysys Automation Technologies could lead to an increase in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100