Buyer Consortium Fully Expects Hollysys Board To Move Forward With Special Meeting; Says $25/Share Proposal From Co-COOs Seems To Be An Even Emptier Gesture Than The 2021 Management Takeover Proposal
Portfolio Pulse from Benzinga Newsdesk
A buyer consortium has expressed its expectation that the board of Hollysys Automation Technologies will proceed with a special meeting. The consortium also commented that the $25/share proposal from the company's Co-COOs appears to be an even emptier gesture than the 2021 management takeover proposal.
October 24, 2023 | 7:23 pm
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The buyer consortium's expectation for a special meeting and their view on the $25/share proposal could potentially influence the stock price of Hollysys Automation Technologies.
The news directly pertains to Hollysys Automation Technologies and its stock price. The buyer consortium's expectations and views could influence investor sentiment and trading decisions, potentially impacting the stock's short-term price. However, the exact direction of the impact is uncertain.
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