What happened Shares of the collectibles authenticator service Collectors Universe (NASDAQ: CLCT) jumped today after a previous acquisition offer was increased by more than 20%. As of 3:15 p.m. Wednesday, shares traded up 18% to just below the -PER-SHARE"}==!> acquisition offer. So what On Nov. 30, 2020, the company -- which grades and authenticates high-value collectibles including coins, trading cards, and memorabilia -- was presented with a cash buyout offer of $75.25 per share. It was made by an investor group led by entrepreneur and sports card collector Nat Turner, and was recommended by the board of directors at the time. Amid strong business results that were also announced separately today, the company said the tender offer to shareholders has been amended to $92, representing an 18% premium over Tuesday's closing share price. Image source: Getty Images. Now what The new offer has been unanimously recommended by the company's board. A.J. "Bert" Moyer, chairman of the board of directors said in a statement, "This enhanced, 'best and final' offer recognizes the strong momentum in our business." Moyer went on to acknowledge the board's confidence in management, but said it also "believes that there is a significant risk that the Company's recent growth rate will decline over time," as it urged shareholders to embrace the certainty of the transaction. The company also released preliminary second-quarter results separately today, saying strong recent results were attributable to an increase in "top-tier services" such as its Professional Sports Authenticator sports-card grading service. With shares trading just shy of the offered cash price, shareholders are likely now getting the best outcome they will see. 10 stocks we like better than Collectors UniverseWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Collectors Universe wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Howard Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source