- The buyer consortium led by Recco Control Technology Pte Ltd and Dazheng Group (Hong Kong) Investment Holdings Company Limited reaffirmed its non-binding indicative all-cash offer of $25 per share to acquire Hollysys Automation Technologies, Ltd (NASDAQ:HOLI).
- The offer represents a premium of 65.5% over Hollysys’ closing share price of $15.11 on July 7.
- The consortium engaged UBS AG Hong Kong Branch as the financial advisor regarding the proposed acquisition.
- The consortium first sent the offer on December 3.
- The state-owned operator of Beijing’s railway and the subway had also weighed a takeover bid for Hollysys, valuing it at $1.9 billion.
- Price Action: HOLI shares traded higher by 6.15% at $16.04 in the premarket on the last check Friday.
Willis Towers Watson Q4 Adj EPS $6.33 Beats $6.22 Estimate, Sales $2.72B Beat $2.69B Estimate
Willis Towers Watson (NASDAQ:WTW) reported quarterly adjusted earnings of $6.33 per share which beat the analyst consensus estimate of $6.22 by 1.77 percent. This is a 11.64 percent increase over earnings of $5.67 per
