In a special general meeting held on 24th July, a majority of Global Sources’ shareholders voted in favour of the acquisition. Each issued and outstanding common share will now convert into the right to receive the amount of US$20 in cash, without interest.
Trade of Global Sources’ shares has been suspended on the NASDAQ Global Select Market since 28th August 2017. The company will now be delisted from NASDAQ and once again, become a privately owned firm.
Source: Global Sources press release