LONDON (Alliance News) - Collectibles companies Noble Investments UK PLC and The Stanley Gibbons Group PLC Thursday said they've reached agreement on the terms by which Stanley Gibbons will acquire its peer.
Noble shareholders will receive 192.5 pence in cash and 0.21186 Stanley Gibbons shares for each share, valuing the entire share capital of Noble at around GBP45.7 million.
"We believe that the combination of Stanley Gibbons and Noble is compelling," said Chairman of Stanley Gibbons Martin Braldford in a statement, "both strategically and financially and that the Enlarged Group has an exciting future."
Shares in Noble were trading up 0.50 pence at 247.50 pence Thursday afternoon, while Stanley Gibbons was up 2.50 pence at 206.00 pence.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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