Bryant R. Riley Proposes To Acquire All Outstanding Shares Of B. Riley Financial He Does Not Own For $7 Per Share; As Chairman, Co-CEO, And Largest Shareholder, Riley Exercises Significant Influence Over Company Strategy, Operations, And Corporate Transactions.
Portfolio Pulse from Benzinga Newsdesk
Bryant R. Riley, Chairman, Co-CEO, and largest shareholder of B. Riley Financial, has proposed to acquire all outstanding shares of the company he does not already own for $7 per share. Riley's significant influence over the company's strategy, operations, and corporate transactions is highlighted.
August 16, 2024 | 12:39 pm
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Bryant R. Riley has proposed to acquire all outstanding shares of B. Riley Financial he does not own for $7 per share. This move could lead to a significant change in the company's ownership structure and potentially impact its stock price.
The proposal by Bryant R. Riley to acquire all outstanding shares he does not own is a significant corporate action. Given his role as Chairman, Co-CEO, and largest shareholder, this move is likely to influence the stock price positively in the short term due to the potential for a buyout premium.
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IMPORTANCE 90
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