The acquisition news is directly related to Highway Holdings and indicates a strategic move that could lead to growth and expansion, which is typically viewed positively by investors. The impact is scored as positive (1) due to the market's usual optimistic response to expansion news. The relevance is at 100 as the company is the primary subject of the news. The importance is set at 75, considering that acquisitions can have significant effects on a company's future performance, but the letter of intent is non-binding, which adds a level of uncertainty. The confidence level is at 85, reflecting a strong belief in the analysis but acknowledging the non-binding nature of the agreement.