(This is not an actionable idea.)
Global Sources has announced its intention to tender for its shares at $10.00/share (press release). The shares currently trade at $7.93, well below the tender price. Global Sources has had two tender offers in the past. If history repeats itself, then the tender offer will be massively oversubscribed. Effectively, the tender offer will like a special dividend.
So why am I sitting this one out?
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