Hollysys investors accept $1.7 bln Ascendent takeover offer - Bloomberg News

Hollysys Automation Technologies

08/02/2024 06:33

Feb 8 (Reuters) - Shareholders of Hollysys Automation
Technologies Ltd.  HOLI.F  voted in favor of a $1.66 billion
takeover proposal from private equity firm Ascendent Capital
Partners Ltd., Bloomberg News reported on Thursday, citing
people familiar with the matter.
    Close to 90% of shareholders who voted on Thursday backed
the Ascendent offer, the report added. 

 (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Janane
Venkatraman
)
 ((Gnaneshwar.Rajan@thomsonreuters.com;))