SPY396.92+7.29 1.87%
DIA318.84+6.42 2.05%
IXIC11,535.28+180.66 1.59%

BRIEF-A-Mark to Increase Investment in Silver Gold Bull

reuters.com · 04/29/2022 08:02
BRIEF-A-Mark to Increase Investment in Silver Gold Bull

- A-Mark Precious Metals Inc AMRK:

  • A-MARK TO INCREASE INVESTMENT IN SILVER GOLD BULL, EXPANDING INTERNATIONAL DIRECT-TO-CONSUMER FOOTPRINT

  • A-MARK PRECIOUS METALS INC - AGREEMENT TO ACQUIRE ADDITIONAL 40% OF OUTSTANDING EQUITY INTEREST IN SILVER GOLD BULL INC. FOR ABOUT $44.0 MILLION

  • A-MARK PRECIOUS METALS INC - PROPOSED INVESTMENT WILL BRING A-MARK'S OWNERSHIP IN SGB TO 47.4%

  • A-MARK PRECIOUS METALS INC - CO, SGB WILL ENTER INTO A FOUR-YEAR EXTENSION TO CURRENT SUPPLIER AGREEMENT EXTENDING ITS EXPIRATION TO DECEMBER 2026

  • A-MARK PRECIOUS METALS INC - WILL HAVE RIGHT TO PURCHASE AN ADDITIONAL 27.7% OF OUTSTANDING EQUITY OF SGB TO BRING ITS OWNERSHIP INTEREST TO 75%

Source text for Eikon: ID:nGNX2W9Vg

Further company coverage: AMRK


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