A-Mark Closes Previously Announced Acquisition of Retailer JM Bullion
EL SEGUNDO, Calif., March 19, 2021 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, has closed its previously announced acquisition of the 79.5% of the issued and outstanding shares of JM Bullion, Inc. (JMB) , a leading e-commerce retailer of precious metals, not previously owned by A-Mark.
- EL SEGUNDO, Calif., March 19, 2021 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, has closed its previously announced acquisition of the 79.5% of the issued and outstanding shares of JM Bullion, Inc. (JMB) , a leading e-commerce retailer of precious metals, not previously owned by A-Mark.
- Davidson & Co. acted as financial advisor to A-Mark and Kramer Levin Naftalis & Frankel LLP acted as legal advisor to A-Mark.
- In connection with the acquisition, JMB CEO and Co-Founder Michael Wittmeyer and Chairman Kendall Saville joined A-Marks board of directors.
- JM Bullion is a leading online retailer of precious metals, headquartered inDallas, Texas.