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Stock Market & Financial Investment News

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March 13, 2014
09:36 EDTGSOLGlobal Sources intends cash tender offer for up to $50M of shares
Global Sources announced earlier that it intends to commence an issuer tender offer before the end of April, with expected completion before the end of May, for approximately 5M shares, or approximately 14.4% of its outstanding common shares as of Feb. 28, at a purchase price of $10.00 per share in cash. Global Sources expects to fund the tender offer with cash on hand. As of Dec. 31, 2013, Global Sources had total cash, cash equivalents and available-for-sale securities of approximately $143.8M.
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