Why Hollysys Automation Shares Are Soaring Today
The state-owned operator of Beijing's railway and the subway weighed a takeover bid for Hollysys Automation Technologies Ltd (NASDAQ:HOLI), valuing it at $1.9 billion, Bloomberg reports. Beijing Infrastructure Investment Co looked to take Hollysys private following a deal based on its preliminary discussions. Hollysys offers integrated solutions for industrial automation and rail transport.…
Benzinga ·
Benzinga
