- The consortium including co-founder and former Hollysys CEO Baiqing Shao, Ace Funds and Chinese P-E firm CPE Funds Management sweetened bid offer to acquire Hollysys Automation Technologies (NASDAQ:HOLI) by 11% to $17.10.
- The consortium made an offer last Friday.
- The board earlier rejected $15.47/share take-over proposal citing that the offer undervalues the Company and is not in the best interest of the shareholders.
- Press Release
Consortium sweetens Hollysys Automation offer to $17.10
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About HOLI Stock
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| Symbol | Last Price | % Chg |
|---|---|---|
| HOLI | - | - |
| Hollysys Automation Technologies Ltd. | ||