Hollysys Reiterates Strong Support for Ascendent Deal; Provides Update on Engagement with Dazheng
Hollysys(HOLI) Prnewswire·2024-01-30 01:00- Special Committee concluded Dazheng proposal was not superior after rigorous negotiations - Dazheng was unable to provide sufficient assurances around equity financing and last-minute introduction of yet another new member after multiple changes in its consortium composition raised further questions that could not be resolved - Special Committee strongly disagrees with flawed ISS and Glass Lewis recommendations: a transparent and well-run process has brought the right outcome for shareholders: the Ascend ...