Initially, it was announced that under the terms of the agreement, all outstanding shares of Global Sources would be converted into the right to receive US$18.00 per share when the deal closes. Then later in the week, Global Sources announced that it had received another third party offer for US$20 per share.
After the deal is approved, Global Sources will become a privately-held company and will be delisted from NASDAQ. After the privatisation, the new controlling shareholder will be The Blackstone Group, a U.S.-based private equity and asset management company with more than US$368 billion under management.
Source: Business Strategies Group Hong Kong – www.bsgasia.com