A-Mark Precious Metals to acquire 100% of the stock of Spectrum Group

A-Mark Precious Metals (AMRK) has entered into a definitive agreement to acquire 100% of the stock of Spectrum Group International. A-Mark will pay $92 million to acquire 100% of SGI’s outstanding stock. The consideration will be comprised of 50% cash and 50% A-Mark common stock, with the stock portion valued as of the signing of the definitive agreement. The acquisition is expected to close within 30 days, subject to certain closing conditions, including the approval of SGI’s shareholders, the execution of financing arrangements and the consent of A-Mark’s lenders.