Stanley Gibbons to buy US collectibles business

Stamp and collectibles trader Stanley Gibbons said it has conditionally agreed to buy the assets of US based Stampwants.com, trading as bidStart, for 1m dollars.

Stamp and collectibles trader Stanley Gibbons said it has conditionally agreed to buy the assets of US based Stampwants.com, trading as bidStart, for 1m dollars.

Stanley Gibbons said it will pay an initial $0.6m in cash and issue 20,035 new ordinary shares to the minority shareholders of Stampwants.com upon closing.

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