UPDATE 1-Dazheng-led consortium sets out financing for Hollysys bid [Yahoo! Finance]
Hollysys Automation Technologies, Ltd. (HOLI)
Last hollysys automation technologies, ltd. earnings: 2/19 05:00 pm
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Source: Yahoo! Finance
Feb 3 (Reuters) - A consortium led by China's Dazheng Group Acquisition has set out financing for its $29.50-per-share bid for Hollysys Automation Technologies as it battles a rival offer from Hong Kong-based private equity firm Ascendent Capital. In a statement on Saturday, the Dazheng consortium - which also includes TFI Asset Management - said it had secured a debt commitment letter for $1.5 billion from an unnamed China headquartered bank's Hong Kong branch. It had also secured equity commitments totaling $800 million from Dazheng Group and TFI Asset Management, it said. The consortium has urged shareholders of Hollysys, an automation control system provider, to vote against Ascendent Capital's offer ahead of a shareholders' meeting in the coming week, the statement added. Ascendent had agreed last year that it will acquire outstanding Hollysys shares at $26.5 each in a deal valued at around $1.66 billion. Last month, Hollysys said a special company committee - set up t
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HOLI
News
- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
HOLI
Sec Filings
- 4/15/24 - Form 6-K
- 3/14/24 - Form 144
- 3/13/24 - Form 144
- HOLI's page on the SEC website