Hollysys announced the voting results of the Extraordinary General Meeting of Ascendent Capital Partners, a private equity investment management firm managing assets for global institutional investors. The EGM concluded with the overwhelming majority of Hollysys shareholders approving all resolutions, including the resolution pursuant to which Ascendent will acquire all outstanding shares of Hollysys that it does not currently own for $26.50 per share in cash.
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Read More on HOLI:
- Dazheng Group reaffirms commitment to acquire Hollysys at $29.50 per share
- Dazheng-led consortium urges Hollysys holders to vote against Ascendant deal
- Hollysys’ Board issues letter in support of transaction with Ascendant Capital
- Hollysys reiterates strong support for Ascendent Capital deal
- Consortium ‘committed’ to negotiating $29.50 per share Hollysys offer
