B. Riley Financial shares are trading higher after the company in a 13D filing disclosed that Bryant R. Riley wrote a letter to the Board of Directors with a proposal to acquire all shares of common stock that he does not own for a price of $7 per share.
Portfolio Pulse from Benzinga Newsdesk
B. Riley Financial shares are trading higher after Bryant R. Riley proposed to acquire all shares of common stock he does not own for $7 per share.
August 16, 2024 | 12:45 pm
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POSITIVE IMPACT
B. Riley Financial shares are trading higher following a proposal by Bryant R. Riley to acquire all remaining shares for $7 each.
The proposal to acquire all remaining shares at a premium price of $7 per share is likely to drive the stock price higher in the short term as investors react positively to the potential buyout.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100