If I have an option to sell back stock as a "corporate action" would the money made from that count as a capital gains and be taxed?

So I have an offer to sell back some stock I purchased earlier this year, I was wondering if the increased value I'd get from that sale would count as capital gains and be taxed as such? I bought it less than a year ago so I'm guessing it would be taxed as a short term capital gain if it was taxed?