IDT Holdings

IDT Holdings +10.4% to 3-year high of $0.53, off $0.54/share price offered by parent IDT Int’l (0167.HK) to take company private. Vol remains thin despite gains as investors generally wary of LCD consumer electronics maker’s loss-making streak coupled with small free float given parent’s controlling 78% stake. Offer price represents 12.5% premium to yday's close but 14.5% discount to its book NAV of $0.63. In any case, this provides an opportunity for investors to exit an illiquid stock.