Noble Investments (NBL) have confirmed that their board have recommended acceptance of the proposed acquisition by Stanley Gibbons (SGI) in a cash and shares deal worth 255p a share, 192.5p of which will be paid in cash.
Stanley Gibbons was set to raise £40m in a
share placing on September 25 to part-fund the deal, which would
see them taking control of Baldwin's, Apex, Dreweatts and
Bloomsbury, together specialists in coins, stamps, medals, books,
fine art and other collecting disciplines.