Dazheng Group Consortium announces $1.8 billion bid for Hollysys Automation.
A consortium led by China’s Dazheng Group Acquisition has announced its plans to acquire automation and control technology provider Hollysys Automation Technologies in a $1.8bn all-cash deal. The consortium, which also includes GA Technologies and TFI Asset Management, will pay $29 in cash for each outstanding share of Hollysys. The bid outbids a takeover offer … Read more Dazheng Group Consortium announces $1.8 billion bid for Hollysys Automation.