Hollysys gains afer Dazheng-Led group raises offer to $29.50 a share ; Hollysys rejects


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Update 9:55pm: Adds Hollysys rejection of consortium offer.

Hollysys (NASDAQ:HOLI) quickly rose 0.8% after a consortium led by Dazheng Group disclosed that it improved its takeover offer.

The group raised its offer for Hollysys to $29.50 a share in recent days from an

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