Reuters provided insight into how a consortium led by China’s Hollysys Automation Technologies management plans to take the U.S.-listed automation and control system maker private in a deal that would value the firm at $1.8 billion. The management team, led by Founder and Chief Executive Officer Wang Changli, has won endorsement for the deal from the municipal government of Beijing, where the company is based.
The post Reuters reveals Hollysys management to lead take-private deal at $1.8 bln valuation appeared first on Reuters News Agency.