A successful shareholder agitation and bidding war over a Chinese company listed in the United States could embolden minority owners of other undervalued firms from the People's Republic to push for more value. It was widely assumed take-private deals for U.S.-listed Chinese firms would happen at knockdown prices and face little shareholder opposition because of seemingly insurmountable geopolitical tensions between Washington and Beijing. The saga at Hollysys suggests otherwise.
Acquisition interest in the industrial solutions company surfaced three years ago but the $1.4 billion Nasdaq-traded firm only launched
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Source: MarketWatch - 🏆 3. / 97 Read more »