Hollysys expects to complete merger with Ascendent Capital Partners by July 25
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 18 2024
0mins
Should l Buy ?
Source: SeekingAlpha
- Hollysys Automation Merger: Beijing-based Hollysys Automation Technologies expects to complete its merger transaction with Superior Technologies, controlled by Ascendent Capital Partners, by July 25. The parties have obtained necessary approvals and plan to delist shares from NASDAQ Global Select Market.
- Funding for Acquisition: HOLI shares rose as buyer Superior Technologies secured a financing agreement for the $1.66 billion acquisition, indicating progress towards the deal completion.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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.
