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Hollysys still backs Ascendent s buyout deal despite Dazheng s higher bid

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

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[Latest] Global Diamond Cutting Tool Market Size/Share Worth USD 9 2 Billion by 2032 at a 6 7% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

[Latest] Global Diamond Cutting Tool Market Size/Share Worth USD 9 2 Billion by 2032 at a 6 7% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
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ChampionX (NASDAQ:CHX) Shares Gap Down to $28 38

ChampionX (NASDAQ:CHX) Shares Gap Down to $28 38
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Hollysys Reiterates Strong Support for Ascendent Deal; Provides Update on Engagement with Dazheng

- 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.

New yorkUnited statesHong kongHollysys automation technologies ltdDazheng consortiumBrunswick groupExchange commissionCompany contactReiterates strong supportAscendent dealProvides updateGlass lewisSpecial committeeHollysys automation technologiesAscendent capital partnersDazheng group acquisition limited

Hollysys Reiterates Strong Support for Ascendent Deal; Provides Update on Engagement with Dazheng

- Special Committee concluded Dazheng proposal was not superior after rigorous negotiations - Dazheng was unable to provide sufficient assurances around equity.

New yorkUnited statesHong kongExchange commissionDazheng consortiumHollysys automation technologies ltdBrunswick groupCompany contactGlass lewisSpecial committeeHollysys automation technologiesAscendent capital partnersDazheng group acquisition limitedSupervisory controlData acquisitionPrivate securities litigation reform act