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<blockquote data-quote="Weather Man" data-source="post: 16649994" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3723553-hollysys-surges-post-market-as-board-evaluates-acquisition-offers" target="_blank">HollySys surges post-market as board evaluates acquisition offers</a></p><ul> <li data-xf-list-type="ul">Chinese automation specialist HollySys Automation Technologies (NASDAQ:<a href="https://seekingalpha.com/symbol/HOLI" target="_blank">HOLI</a>) shares are trading +22.58% post-market after its Board of Directors disclosed that it is evaluating acquisition offers from consortiums for all outstanding ordinary shares.</li> <li data-xf-list-type="ul">The offers being considered include one from Superior Emerald (Cayman), controlled by Ascendent Capital Partners, for $23 per share.</li> <li data-xf-list-type="ul">The second offer is from CPE Consortium, led by CPE Funds Management with Shao Baiqing and Ace Lead Profits, for $17 per share. Both offers are all-cash.</li> <li data-xf-list-type="ul"><a href="https://seekingalpha.com/pr/18418638-hollysys-board-of-directors-evaluating-offers-from-consortiums" target="_blank">Press Release</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16649994, member: 137766"] [URL='https://seekingalpha.com/news/3723553-hollysys-surges-post-market-as-board-evaluates-acquisition-offers']HollySys surges post-market as board evaluates acquisition offers[/URL] [LIST] [*]Chinese automation specialist HollySys Automation Technologies (NASDAQ:[URL='https://seekingalpha.com/symbol/HOLI']HOLI[/URL]) shares are trading +22.58% post-market after its Board of Directors disclosed that it is evaluating acquisition offers from consortiums for all outstanding ordinary shares. [*]The offers being considered include one from Superior Emerald (Cayman), controlled by Ascendent Capital Partners, for $23 per share. [*]The second offer is from CPE Consortium, led by CPE Funds Management with Shao Baiqing and Ace Lead Profits, for $17 per share. Both offers are all-cash. [*][URL='https://seekingalpha.com/pr/18418638-hollysys-board-of-directors-evaluating-offers-from-consortiums']Press Release[/URL] [/LIST] [/QUOTE]
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