By Sherry Qin
A consortium led by Dazheng Group Acquisition submitted a higher all-cash offer to acquire Hollysys Automation Technologies for $1.8 billion, a move aimed at blocking the sale of the automation control system solutions provider to private investment firm Ascendent Capital Partners.
The consortium, which includes TFI Asset Management…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Subscribe Now
Already a subscriber?
Log In
Read the full article here