Hollysys Announces End of "Go-Shop" Period under Merger Agreement with Ascendent Capital Partners

BEIJING, Dec. 27, 2023 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced the end of the "go-shop" period as provided for in the merger agreement with funds managed by Ascendent Capital Partners ("Ascendent"). The "go-shop" period followed an extensive, competitive process by the Company that led to the signing of the merger agreement with Ascendent.

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