Action Semiconductors (ANR) – Tender Offer – 12.5% upside
Current Price – $2.4
Offer Price – $2.5 – $2.7
Upside – 12.5.% (if the upper pricing limit is used)
Expiration date – 18 September 2014
There is no provision for odd-lots
Summary:
Actions Semiconductor Co is offering to purchase for cash up to 60,000,000 of its ordinary shares, $0.000001 par value per share (including Shares represented by American Depositary Shares (the “ADSs”)), at a purchase price not greater than $7/15 per Share (or $2.80 per ADS) nor less