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Hollysys gains after Dazheng-led group raises offer to $29.50 per share; Hollysys refuses

The concept of the word M&A on cubes on a beautiful green background

Zhanna Hapanovich/iStock via Getty Images

Update 9.55pm: Adds Hollysys’ rejection of the consortium’s offer.

Hollysys (NASDAQ:HOLI) quickly increased by 0.8% after a consortium led by Dazheng Group revealed it had improved its takeover offer.

In recent days, the group raised its offer for Hollysys to $29.50 per share compared to a previous offer of $29. declaration

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