Stanley Gibbons to stir up coin market by taking over Baldwin’s?

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October 10, 2013 – Rare stamps specialist Stanley Gibbons has approached Noble Investments (IK) PLC exploring a possible acquisition of the company. Part of Noble is the London-based world-renowned auction house Baldwin’s. According to a Noble press release ‘There can be no certainty that an offer will be made, however the Board of Noble anticipates that an offer, were it to be made, would be at an offer price of 255 pence per Noble share, of which 192.5 pence would be in cash and 62.5 pence would be in new Stanley Gibbons shares. The Board of Noble has indicated that it is likely to unanimously recommend such an offer, were it to be made.’
The press release continues that ‘The Boards of Stanley Gibbons and Noble both believe that the combination of the two businesses has considerable strategic and financial logic.’
Stanley Gibbons must declare its intention to make an offer or not until latest October 10, 5 pm. As the Independent reported the approach would amount to the sum of £42 Million.

You can read the complete press release here.

This is the website of Noble Investment.

And this is the Independent article on the subject.