Global Sources (GSOL) Odd-Lot Tender

Company: Global Sources Ltd.
Ticker: GSOL
Market Cap: ~$210mm
Size of Action: ~$50mm
Type of Transaction: Tender Offer with Odd-Lot Provision
Current Price: $6.87
Exchange Price: $7.50
Potential Gain (%): 9.2%
Expiration: Midnight July 27, 2015
Tender Limit (Shares): 99
Max Investment ($): $680
Max Gain ($): $62
Sec Filing: Link
Summary: Global Sources (GSOL) is offering to buy 6.66mm of its shares or 22% of its S/O for $7.50 a share using cash on hand.
Odd Lots: ..first, from all holders of “odd lots” of fewer than 100 Shares who properly tender all of their Shares and do not properly withdraw them before the Expiration Date;..
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