Hollysys Provides Update on Ongoing Sale Process and Special Meeting Request; Discloses Offer from Management-Backed Buyer Group
- Written by PR Newswire
- Proposal on behalf of management team offers U.S. $25 per share -- Sale process continues as Special Committee engages other parties-
BEIJING, Oct. 24, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that its special committee of independent directors (the "Special...