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Noble and Gibbons press ahead with offer

04 October 2013Written by ATG Reporter

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.

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