Consortium led by Recco and Dazheng offers $25/share to acquire Hollysys

A buyer consortium led by Recco Control Technology Pte. Ltd. and Dazheng Group (Hong Kong) Investment Holdings Company Limited has submitted a non-binding offer to acquire Hollysys Automation Technologies Ltd. for $25 per share in cash. The offer was initially submitted on December 3, 2021, and reiterated on January 24, 2022.

“The consortium's offer also represents a premium of 75.5% over the volume-weighted average closing share price during the 30 trading days prior to January 22, 2022.”prnewswire.com

• 1 source
• prnewswire.comBuyer Consortium Led by Recco Control Technology Pte. Ltd. and Dazheng Group (Hong Kong) Investment Holdings Company Limited Announces Non-Binding Offer to Acquire HollysysDAZHENG GROUP (HONG KONG) INVESTMENT HOLDINGS COMPANY LIMITEDJan 24, 2022

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