Hollysys Automation Technologies, Ltd. (HOLI) News
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HOLI News Highlights
- For HOLI, its 30 day story count is now at 4.
- Over the past 16 days, the trend for HOLI's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- SHOP are the most mentioned tickers in articles about HOLI.
Latest HOLI News From Around the Web
Below are the latest news stories about HOLLYSYS AUTOMATION TECHNOLOGIES LTD that investors may wish to consider to help them evaluate HOLI as an investment opportunity.
Hollysys Announces End of "Go-Shop" Period under Merger Agreement with Ascendent Capital PartnersHollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced the end of the "go-shop" period as provided for in the merger agreement with funds managed by Ascendent Capital Partners ("Ascendent"). The "go-shop" period followed an extensive, competitive process by the Company that led to the signing of the merger agreement with Ascendent. |
UPDATE 1-Dazheng Group consortium announces bid to buy Hollysys Automation for $1.8 billionA consortium led by China's Dazheng Group Acquisition has announced a bid to acquire automation and control technology provider Hollysys Automation Technologies in an all-cash transaction valued at $1.8 billion, according to a statement on Sunday. The consortium, which includes TFI Asset Management and GA Technologies, said it would acquire all outstanding shares of Hollysys it does not already own for $29 per share in cash. In August, a consortium led by Recco Control Technology and Dazheng Group made an all-cash offer of $25 per share to buy the company. |
Dazheng Group consortium announces bid to buy Hollysys Automation for $1.8 billionThe consortium, which includes TFI Asset Management and GA Technologies, said it would acquire all outstanding shares of Hollysys it does not already own for $29 per share in cash. In August, a consortium led by Recco Control Technology and Dazheng Group made an all-cash offer of $25 per share to buy the company. |
M&A Opportunities: 3 Automation Stocks Set for Big MovesThe ongoing growth in artificial intelligence use should see automation stocks get their fair share of M&A attention in 2024. |
Hollysys to be Acquired by Ascendent Capital Partners for US$26.50 in Cash Per ShareHollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that it has reached an agreement to be acquired by Ascendent Capital Partners ("Ascendent"), an international private investment firm headquartered in Hong Kong. The acquisition, which concludes a months-long sale process, will be completed through an all-cash transaction valued at approximately US$1.66bn. |
Returns On Capital At Hollysys Automation Technologies (NASDAQ:HOLI) Paint A Concerning PictureWhat are the early trends we should look for to identify a stock that could multiply in value over the long term... |
Hollysys Update: EGM, Sale ProcessHollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced its intention to hold a special meeting of shareholders in the week commencing January 22, 2024 following the requests of certain shareholders to convene a special meeting. The decision follows the outcome of the hearing at the Hong Kong High Court with respect to the ownership and control of Ace Lead Profits Limited ("Ace Lead"), one of the requisition shareholders, and its shares in the Company. |
Hollysys Automation Technologies Reports Unaudited Financial Results for the First Quarter Ended September 30, 2023Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications in China, today announced its unaudited financial results for the first quarter of fiscal year 2024 ended September 30, 2023. |
Nasdaq Stock and More See Action From Activist InvestorsThoma Bravo disclosed a large position in securities-exchange and data-analytics firm Nasdaq. Ascendent Capital Partners is offering to buy out industrial-automation firm Hollysys Automation. |
China-focused Ascendent in $1.6 billion take-private bid for HollysysAscendent's latest bid comes amid a few other takeover offers. Hollysys management team proposed last month a consideration of $25 per share, while a buyer consortium led by Recco Control Technology and Dazheng Group in August reaffirmed its earlier offer with the same per-share price. |