Hollysys (HOLI US): Ascendent Finally Obtains Regulatory Approvals
626 Views01 Jul 2024 20:55
The two remaining conditions required for close are the maximum dissenting cap (should be waived) and minimum net cash condition (satisfied). At the last close, the gross spread was 22.5%.
What is covered in the Full Insight:
- Introduction
- Regulatory Approvals
- Key Concerns
- Closing Conditions
- Expected Timeline
Boomeranged on Sun, 14 Jul 2024 15:24
A SEC 13D/A filing notes that Ascendent has entered a facility agreement with Industrial Bank for US$1.055 billion and is working to complete the transaction expeditiously. The entry into the facility agreement suggests that Ascendent has waived the dissent cap condition. This is done and will likely close this month. At the last close, the gross spread was 4.9%.
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