Hollysys investors accept $1.7b takeover offer from PE firm Ascendent: report

Hollysys investors accept $1.7b takeover offer from PE firm Ascendent: report

Photo: Dmitry Demidko/ Unsplash.com

Shareholders of Hollysys Automation Technologies Ltd. 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.

Reuters

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