Current Price – $6.96
Offer Price – $7.5
Upside – $53 or 8%
Expiration date – TBD
There is no info yet whether there will be odd lot provisions, but previous GSOL tenders in (2010 and 2014) had odd lot provisions.
Global Sources Ltd. (NASDAQ: GSOL) intends to commence an issuer tender offer by the end of June 2015, with expected completion before the end of July 2015, for up to 6,666,666 shares, or approximately 22.05% of its
Current Price – $8.51
Offer Price – $10.00
Upside – 17.5% or $148 for Odd Lot holders
Expiration date – May 28, 2014
Odd Lot holders (less than 100 shares) are not subject to proration
Global Sources Ltd., a Bermuda company, is offering to purchase for cash up to 5,000,000 shares of its common shares. On the terms and subject to the conditions of the Offer, Global Sources will pay $10.00 per share, net to the seller in cash.