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Spectrum Group International, Inc. - $SPGZ STOCK NEWS

Welcome to our dedicated page for Spectrum Group International news (Ticker: $SPGZ), a resource for investors and traders seeking the latest updates and insights on Spectrum Group International stock.

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Rhea-AI Summary

Spectrum Group International (SPGZ) announced an extension of deadlines for its proposed cash election merger. Shareholders can now submit their consent for the merger until May 31, 2024, and make their election to receive either $22,000 per share or shares in a new holding company by June 14, 2024. The original deadline was May 17, 2024, for consent and May 31, 2024, for election. All other terms of the merger remain unchanged. April 23, 2024, is the record date for shareholders eligible for the consent solicitation. Equiniti Trust Company is the Tabulation and Exchange Agent, and D.F. King & Co. is the Information Agent for this process.

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Rhea-AI Summary
Spectrum Group International, Inc. (SPGZ) announced a proposal for a cash election merger, offering eligible shareholders $22,000 per share or shares in a new holding company. Accredited investors owning more than three shares can choose between cash or stock, while others will receive cash. The merger aims to engage financially sophisticated shareholders and eliminate disengaged investors. Shareholders need to provide written consents for approval, with Equiniti Trust Company, and D.F. King & Co., Inc. serving as agents for the process.
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Spectrum Group International, Inc.

OTC:SPGZ

SPGZ Rankings

SPGZ Stock Data

49.55M
Offices of Lawyers
Professional, Scientific, and Technical Services
Link
United States of America
Irvine

About SPGZ

spectrum group international is a global trading and collectibles network. we are a trader of precious metal products such as gold, silver, platinum, and palladium, and an auctioneer of coins. we are also a lender offering loans to coin dealers, collectors and investors secured by their precious metals, rare coins, and other collectibles as collateral. spectrum group international’s total revenue exceeded $6.0 billion in fiscal year june 30, 2010, reflecting the success of our strategy to become a global leader in these markets. we are now a fortune 500 company. the trading activities of spectrum group are conducted through a-mark precious metals, one of the largest private sellers of bullion coins and bullion gold, silver and platinum to the wholesale marketplace. a-mark's subsidiary collateral finance corporation, which is the official numismatic lender of the american numismatic association, provides financing on a wide array of bullion and numismatic products. spectrum group's coll