B Riley Negotiating Sale Of Majority Stake In Great American Group At $380M Enterprise Value; Financing Of Brands Portfolio For $236M;
Anticipates Receiving ~$410M Of Gross Cash Proceeds From Two Transactions
Portfolio Pulse from Benzinga Newsdesk
B. Riley Financial is negotiating the sale of a majority stake in Great American Group at a $380 million enterprise value and is financing its brands portfolio for $236 million. The company expects to receive approximately $410 million in gross cash proceeds from these transactions.
September 09, 2024 | 11:05 am
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B. Riley Financial is negotiating significant transactions, including selling a majority stake in Great American Group and financing its brands portfolio, expecting to receive $410 million in cash proceeds.
The sale of a majority stake in Great American Group and the financing of the brands portfolio are likely to provide B. Riley Financial with substantial cash proceeds, improving its financial position. This is a positive development for the company's stock in the short term.
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