Hollysys Automation (HOLI) Stock: Why It Increased 16.51% Today

By Amit Chowdhry ● Sep 2, 2022
  • The stock price of Hollysys Automation (HOLI) increased by 16.51% today. This is why.

The stock price of Hollysys Automation (HOLI) increased by 16.51% today.

Why: According to a Reuters report, a consortium of investors is looking to take the company private. The management team – led by founder and CEO Wang Changli – has won endorsement for the deal from the municipal government of Beijing, which is where the company is based.

With the government’s guidance, this team is working with a Beijing-based state firm for the potential deal.

How much: It is believed that the consortium will be offering $29 per share. So the deal is reportedly going to be valued at $1.8 billion