Advanced Technology Proposed Non-Binding, All-Cash Offer Of $26/Share, Which Values Hollysys At Approximately $1.61B
Portfolio Pulse from Benzinga Newsdesk
Advanced Technology has proposed a non-binding, all-cash offer of $26 per share to acquire Hollysys, valuing the company at approximately $1.61 billion, according to an SEC 13D filing.
November 06, 2023 | 2:38 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Hollysys is the subject of a non-binding, all-cash offer from Advanced Technology, which values the company at approximately $1.61 billion.
The proposed acquisition offer from Advanced Technology is likely to have a positive impact on Hollysys' stock price in the short term. The offer price of $26 per share represents a premium on the current trading price, which could lead to increased buying pressure as investors anticipate a potential deal.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100