Hollysys Says Board Special Committee Receives Several Indications Of Interest From Financial Sponsors And Strategic Buyers
Portfolio Pulse from Benzinga Newsdesk
Hollysys' board special committee has received several indications of interest from financial sponsors and strategic buyers. The committee is considering bids from Recco Control Technology, Dazheng Group Investment Holdings, and Hollysys' management team. The company will reassess its position after the injunction hearing on November 21, 2023.
October 30, 2023 | 11:04 am
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Hollysys is considering bids from several parties, including its own management team. The outcome of the injunction hearing on November 21, 2023, could influence the company's decisions.
The news of potential acquisition or merger can have a significant impact on Hollysys' stock price. However, the direction of the impact is uncertain until more details about the bids and the outcome of the injunction hearing are known.
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