Hollysys Automation Technologies Ltd. (HOLI)
收市後：
- Reuters
REFILE-UPDATE 1-Hollysys shareholders approve merger with Ascendent Capital affiliates
The U.S. listed Chinese automation control system provider said last year it had agreed that Ascendent Capital, which already owns a 13.7% stake in the company, will acquire the outstanding Hollysys shares at $26.5 each in a deal valued around $1.66 billion. Superior Technologies Mergersub Limited, which is affiliated with Ascendent Capital, will merge into Hollysys, and Hollysys will become a wholly owned unit of Superior Technologies Holding Limited, another Ascendent affiliate, according to a Hollysys statement.
- Reuters
UPDATE 1-Dazheng-led consortium sets out financing for Hollysys bid
A consortium led by China's Dazheng Group Acquisition has set out financing for its $29.50-per-share bid for Hollysys Automation Technologies as it battles a rival offer from Hong Kong-based private equity firm Ascendent Capital. In a statement on Saturday, the Dazheng consortium - which also includes TFI Asset Management - said it had secured a debt commitment letter for $1.5 billion from an unnamed China headquartered bank's Hong Kong branch. It had also secured equity commitments totaling $800 million from Dazheng Group and TFI Asset Management, it said.
- Reuters
UPDATE 1-Hollysys still backs Ascendent's buyout deal despite Dazheng's higher bid
Hollysys Automation Technologies said on Monday its special committee has retained a recommendation that shareholders vote for Ascendent Capital's acquisition deal as the offer from a Dazheng Group-led consortium was not superior. A consortium led by Dazheng Group earlier on Monday said it has proposed to acquire all outstanding shares of the U.S. listed Hollysys at $29.50 each, up from its previous offer of $29, in negotiations with the special committee that started on Sunday.
