Brief: A-Mark to Acquire LPM Group

Gold.com

06/02/2024 14:47

Feb 6 (Reuters) - A-Mark Precious Metals Inc  AMRK.O :
    * A-MARK TO ACQUIRE LPM GROUP LIMITED, ONE OF ASIA’S LARGEST
PRECIOUS METALS DEALERS, REPRESENTING A-MARK’S EXPANSION INTO
ASIA
    * A-MARK PRECIOUS METALS: WILL ACQUIRE 100% OF ISSUED &
OUTSTANDING EQUITY INTERESTS OF LPM GROUP FROM AMS FOR TOTAL
UPFRONT CONSIDERATION OF $41.5 MILLION
    * A-MARK PRECIOUS METALS INC: $37.5 MILLION TO BE PAID IN
CASH,
SUBJECT TO CERTAIN CLOSING ADJUSTMENTS, & $4.0 MILLION OF A-MARK
COMMON STOCK
    * A-MARK PRECIOUS METALS INC:  LPM CEO CHARLIE CHANG
EXPECTED TO
SIGN A CONSULTING AGREEMENT WITH A-MARK IN CONNECTION WITH
TRANSACTION

Source text for Eikon:  ID:nGNX2cz3Wf 
Further company coverage:  AMRK.O 

 ((Reuters.Briefs@thomsonreuters.com;))