Hollysys Automation ticks higher as buyer gets funding for planned takeover
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 12 2024
0mins
Should l Buy ?
Source: SeekingAlpha
- Hollysys Automation Acquisition: Superior Technologies Holding has entered a financing agreement to fund the $1.66 billion acquisition of Hollysys Automation, causing Hollysys stock to edge higher.
- Going Private Deal: In December 2023, Beijing-based Hollysys Automation announced a going private deal with Ascendent Capital Partners for $26.50 per share in cash, leading to a surge in its stock price.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
