Brief: Buyer Consortium Led By Recco Control Technology, Dazheng Group (Hong Kong) Investment Holdings Announces Non-Binding Offer To Acquire Hollysys

Hollysys Automation Technologies

24/01/2022 10:17

Jan 24 (Reuters) - Hollysys Automation Technologies Ltd
 HOLI.F :
    * BUYER CONSORTIUM LED BY RECCO CONTROL TECHNOLOGY, DAZHENG
GROUP
(HONG KONG) INVESTMENT HOLDINGS ANNOUNCES NON-BINDING OFFER TO
ACQUIRE HOLLYSYS
    * DAZHENG GROUP - ON DECEMBER 3, 2021, CONSORTIUM SUBMITTED
A
NON-BINDING PROPOSAL TO ACQUIRE HOLLYSYS AUTOMATION TECHNOLOGIES
LTD
    * DAZHENG GROUP - UNDER TERMS OF PROPOSED ACQUISITION,
HOLLYSYS
SHAREHOLDERS WOULD RECEIVE $25 PER HOLLYSYS SHARE IN CASH
    * DAZHENG GROUP -AT THIS STAGE, THERE CAN BE NO ASSURANCE
THAT ANY
AGREEMENT COULD BE REACHED BETWEEN CONSORTIUM AND HOLLYSYS

Source text for Eikon:  ID:nPn4Z0Wwca 
Further company coverage:  HOLI.F 

 ((Reuters.Briefs@thomsonreuters.com;))