Hollysys Automation Technologies on Sunday received an improved offer by a consortium led by Dazheng Group Acquisition to buy the company for roughly $1.8 billion.
The consortium is offering.
Hollysys Automation Technologies said Monday it agreed to be acquired by private investment firm Ascendent Capital Partners for $1.66 billion in cash.
Hong Kong-based Ascendent will pay $26.50 a.
First Quarter of Fiscal Year 2024 Financial Highlights
Total revenues were $199.9 million, an increase of 17.6% compared to the comparable prior year period.Gross margin was 34.6%, compared to 31.1%.
First Quarter of Fiscal Year 2024 Financial Highlights Total revenues were $199.9 million, an increase of 17.6% compared to the comparable prior year period..