Global Sources (GSOL) – Tender Offer with likely Odd Lot provision – 8% potential
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.
Summary:
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