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Strategies & Market Trends : Greater China Junior Stocks

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To: Julius Wong who wrote (1592)2/2/2008 11:46:02 PM
From: George8  Read Replies (1) of 1992
 
I was confused by this news release on LTON: Can anyone help?

>>As previously announced by Linktone, MNC will launch a partial tender offer in the United States within five business days after the conditions to the tender offer are satisfied or waived. The tender offer will be for up to 6 million of Linktone's outstanding American Depositary Shares ("ADSs") for US$3.80 per ADS.<<

money.cnn.com

It reads like NMC will tender 6 million shares at $3.8. But, the shares traded like "nobody cares" at $3.25-$3.37 at very low volume. Why?
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