RILY Stock Recent News

Concludes Previously Announced Review of Strategic Alternatives for the Great American Group Businesses LOS ANGELES , Oct. 14, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) ("B.

SAN DIEGO, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of B. Riley Financial, Inc. (NASDAQ: RILY) breached their fiduciary duties to the company and its shareholders.

SAN DIEGO, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of B. Riley Financial, Inc. (NASDAQ: RILY) breached their fiduciary duties to the company and its shareholders.

Brendon Philipps joins B. Riley Securities from Guggenheim to Lead the Firm's Capital Structure Advisory and Liability Management Efforts LOS ANGELES , Sept.

Negotiating Sale of Majority Stake in Great American Group at $380 Million Enterprise Value and Financing of Brands Portfolio for $236 Million Anticipates Receiving Approximately $410 Million of Gross Cash Proceeds from Two Transactions Intends to Use Majority of Proceeds to Reduce Nomura Senior Secured Debt to Approximately $125 Million by End of 2024; Anticipates Using Cash on Hand and Proceeds from Other Asset Sales to Repay All 2025 Maturities Cumulative Actions, If Completed, Would Result in Strengthened Balance Sheet with Next Senior Notes Maturing in 2026, Providing Company with Enhanced Ability to Invest in Core Operating Businesses Expects to Announce Amended and Restated Credit Agreement Shortly LOS ANGELES , Sept. 9, 2024 /PRNewswire/ -- B.

These Nasdaq stocks offer ultra-high forward dividend yields of between 18% and 33%. All three stocks are down year to date, with two experiencing major declines.

B. Riley Financial Inc.'s stock rallied 33% on Wednesday, after Bloomberg reported the financial-services company is in exclusive talks to sell a majority stake in its Great American Group unit to Oaktree Capital Management.

Asset manager Oaktree Capital is in exclusive talks to acquire a majority stake in two businesses owned by investment bank B. Riley , Bloomberg News reported on Wednesday.

LOS ANGELES , Aug. 16, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) (the "Company") announced that its Board of Directors has received an unsolicited preliminary, non-binding letter of proposal, dated August 16, 2024, from the Company's founder, chairman and co-CEO, Bryant Riley, to acquire the outstanding shares of the Company not currently owned by Mr.

The take-private bid comes after several months of turmoil stemming from the bank's association with Vitamin Shoppe-owner Franchise Group, which attracted scrutiny from investors and regulators.