Hollysys sticks to Ascendent's buyout deal despite Dazheng's higher bid

Hollysys sticks to Ascendent's buyout deal despite Dazheng's higher bid

Dollar photo by Pixabay

Hollysys Automation Technologies said on Monday its special committee has retained a recommendation that shareholders vote for Ascendent Capital’s acquisition deal as the offer from a Dazheng Group-led consortium was not superior.

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