Updated proxy to detail recent engagement with Dazheng BEIJING, Jan. 31, 2024 /PRNewswire/ The Board of Directors of Hollysys Automation Technologies Ltd. ("Hollysys" or the "Company") today issued a letter to shareholders reiterating its support for the proposed acquisition of the Company by a buyer controlled by Ascendent Capital Partners ("Ascendent") at the upcoming extraordinary general meeting to.
- Special Committee concluded Dazheng proposal was not superior after rigorous negotiations
- Dazheng was unable to provide sufficient assurances around equity financing and last-minute introduction.
Hollysys Automation Technologies said its special committee has retained a recommendation that shareholders vote for Ascendent Capital's acquisition deal.
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. -January 29, 2024 at 09:54 pm EST
- MarketScreener
- Special Committee concluded Dazheng proposal was not superior after rigorous negotiations
- Dazheng was unable to provide sufficient assurances around equity financing and last-minute introduction of yet another new member after multiple changes in.