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Reported Sunday, Buyer Consortium Led By Dazheng Group Proposes Enhanced $29/Share All-Cash Offer To Acquire Hollysys, Deeming It Superior To Ascendent Capital's Bid

Benzinga ·  Dec 26, 2023 01:28
  • Enhanced proposal is 9.4% higher than the Ascendent Capital offer and is backed by secured financing
  • Ascendent Capital's proposal does not represent the best value for shareholders
  • The Consortium has full confidence that the Hollysys Board will deem its enhanced proposal superior and remains ready to enter into a merger agreement
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