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Hollysys Automation $HOLI stock rose 16% on September 2, 2022, after the company announced it was pushing for a going private deal. The deal on the table is $29 a share, representing a considerable premium over the current price of HOLI stock.
Hollysys management to lead $1.8B take-private deal, Reuters reports
On September 2, 2022, a consortium led by management at China’s Hollysys Automation Technologies plans to take the automation and control system maker private in a deal that would value the company at $1.8B, people with knowledge of the matter told Reuters’ Julie Zhu. The report added that the team, led by founder and CEO Wang Changli, has won endorsement from the municipal government of Beijing, where the company is based. In pre-market trading in New York, Hollysys Automation shares are up $3.38, or 20%, to $20.34 following the report. Source: https://www.reuters.com/article/hollysys-privatisation-idTRNIKBN2Q30IT
Hollysys Automation Technologies has become one of the leading automation systems providers in the People’s Republic of China, developing many core technologies and completing numerous projects utilizing a wide array of automation products. With its philosophy of sincere concern for customers and its technical innovation capabilities, HLS Systems International specializes in the research, development, production, sale, and distribution of industrial automation for digital railway signals and information systems, e-government, motor drive transmissions, and safety controls for nuclear power reactors.
Dark Pool Trade in $HOLI Stock
Guerilla Stock Trading detected a dark pool trade in $HOLI stock on July 5, 2022. This unusual activity in the stock looks like an institutional investor took a significant position in the stock to front-run the company going private. The institutional investor wanted to hide the $4 million buy order, so they executed the trade over the dark pool.
Make sure to review this lesson on dark pool trading so that you understand the chart above.
📺 This is HollySys – Automation For Life
📈 Hollysys Automation $HOLI Chart Technical Analysis
Hollysys Automation $HOLI stock is in a strong technical uptrend. It is in the top 1% of the strongest uptrending stocks on U.S. exchanges. Long-term indicators suggest a continuation of the uptrend.
