ISS proxy advisor says Hollysys owners should vote against Ascendent deal – report

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Influential proxy advisor Institutional Shareholder Services recommended Hollysys Automation Technologies (NASDAQ:HOLI) shareholders are expected to reject Ascendent Capital Partners’ $1.7 billion offer.

Hollysys’ (HOLI) sale process was “relatively short” and appears to have “included minimal effort to maximize price,” ISS said in its recommendation, according to Bloomberg report

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