Hollysys Automation Technologies announced that it will hold an extraordinary general meeting of shareholders on Thursday, February 8, 2024 at 10:00 a.m. Hong Kong time, to consider and vote on, among other things, the proposal to authorize and approve the previously announced merger agreement pursuant to which a buyer controlled by Ascendent Capital Partners, an international private investment firm headquartered in Hong Kong, will acquire all outstanding shares of Hollysys that it does not currently own for $26.50 per share in cash. The Board recommends shareholders to vote “FOR” merger agreement for acquisition by Ascendent at $26.50/share.
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Read More on HOLI:
- Hollysys announces end of ‘go-shop’ under merger agreement with Ascendent
- Buyer Consortium announces all-cash proposal of $29/share to acquire Hollysys
- Hollysys to be acquired by Ascendent Capital for $26.50 per share in cash
- Hollysys reports $256.4M in new contracts for 1Q
- Hollysys reports Q1 EPS 52c vs 37c last year
