By Sheri Kasprzak
New York, Nov. 4 - Noble Investments (UK) plc said it has priced a £5 million private placement to fund its proposed acquisition of A.H. Baldwin & Sons Ltd.
The company intends to sell 8,620,690 shares at 58p each.
The proposed acquisition of Baldwin is expected to cost £4.45 million. Baldwin has assets including rare coins, some of the inventory dating from the turn of the last century.
Ian Goldbart, managing director of Noble, will take over as Baldwin's chairman following the acquisition.
Based in Eccles, England, Noble Investments owns and trades a portfolio of rare, antique coins.
| Issuer: | Noble Investments (UK) plc
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| Issue: | Stock
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| Amount: | £5 million
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| Shares: | 8,620,690
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| Price: | 58p
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| Warrants: | No
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| Pricing date: | Nov. 3
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| Stock price: | 62.63p at close Nov. 2
|
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