Reuters reveals Hollysys management to lead take-private deal at $1.8 bln valuation

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.