Bowers And Merena And Stacks To Merge

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Author	Replies: 4 / Views: 1,350
stephen Valued Member United States 206 Posts	Posted 12/25/2010 11:17 pm From CU post IRVINE, Calif.--(BUSINESS WIRE)-- Spectrum Group International, Inc. (SPGZ.PK) announced today that its subsidiary Bowers and Merena Auctions, one of the world's pre-eminent auctioneers of rare coins and currency, has entered into an agreement with Stack's, the oldest rare coin retail and auction company in the U.S., to combine their operations. The new company, which will be known as Stack's-Bowers Numismatics, with a world coin division to be known as Stack's-Bowers and Ponterio, will be owned 51% by Bowers and Merena Auctions and 49% by Stack's. The closing, which is subject to the satisfaction of customary conditions, is expected to take place in early 2011. Report this Post to the Staff

lincolncentguy Pillar of the Community United States 809 Posts	Posted 12/25/2010 11:45 pm what does this have to do with roll searching? Report this Post to the Staff
lincolncentguy Pillar of the Community United States 809 Posts	Posted 12/25/2010 11:59 pm Sorry my friend...I shouldnt have replied when I'm upset....I didnt get any coins for Christmas..... Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 12/26/2010 12:20 am I've moved this to a more appropriate forum. I read about this, and can't help but think it will be a good thing for the hobby as a whole. Heritage is still the 800lb gorilla with a market share multiples larger than the new Stacks-Bowers, but a new level of competition is achieved because the smaller are now rather a bit larger, and therefore more attractive to their customers. Report this Post to the Staff
stephen Valued Member United States 206 Posts	Posted 12/26/2010 03:03 am This post has been locked on CU, being only posted on the 23rd. Many here need to know this huge news. I believe it will be a good thing and hope QDB and his staff fit with the new company. LCG I did not find any coins under the tree either, maybe I have too many? Report this Post to the Staff
	Replies: 4 / Views: 1,350

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