Stanley Gibbons to buy US firm

Collectibles firm Stanley Gibbons is to acquire the assets of US-based business Stampwants.com, trading as bidStart, for $1m (£619,000). Under the terms of the acquisition Stanley Gibbons will pay $0.6m in cash, and issue more than 20,000 new ordinary shares to minority shareholders of Stampwants.com upon closing. Additionally, 91,588 shares will be issued to majority shareholder Mark Rosenberg 18 months after closing.