Shares of Hollysys Automation Technologies Ltd. rose 0.8% toward a two-year high in premarket trading Monday, after the China-based provider of automation...
Shares of Hollysys Automation Technologies Ltd.
rose 0.8% toward a two-year high in premarket trading Monday, after the China-based provider of automation control systems said it formed a special committee to conduct a formal sale process. The company said the committee will engage immediately with Recco Control Technology and Dazheng Group Investment Holdings Co. regarding their unsolicited bid to buy Hollysys for $25 a share, which is 30% above Friday’s closing price of $19.84.. With 62.
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