DCSIMG

Stanley Gibbons collects rival for £45.7m

  • by GARETH MACKIE
 

Stamp dealer Stanley Gibbons has agreed a £45.7 million takeover of collectibles trader Noble Investments.

The deal will see shareholders in Noble – which specialises in trading coins, medals and jewellery – receive 192.5p in cash and 0.21186 Stanley Gibbons shares for each Noble share they hold.

Noble chairman Jasper Allen said the takeover would allow the firm’s shareholders to “realise a significant proportion of their Noble shares in cash at an attractive value while providing a continuing interest in an enlarged group with major opportunities ahead”.

He added: “As part of Stanley Gibbons, we look forward to Noble’s businesses flourishing within a larger and more international entity, which is able to provide the resources necessary to accelerate Noble’s development.”

Stanley Gibbons chairman Martin Bralsford said: “We believe that the combination of Stanley Gibbons and Noble is compelling, both strategically and financially, and that the enlarged group has an exciting future.”

 

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