B Riley Board Has Established A Special Committee To Evaluate The Take Private Proposal
Portfolio Pulse from Benzinga Newsdesk
B Riley's board has formed a special committee to evaluate a proposal to take the company private. This move indicates potential significant changes in the company's structure and ownership.
September 09, 2024 | 11:07 am
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B Riley's board has set up a special committee to assess a proposal to take the company private, which could lead to significant changes in its ownership and structure.
The formation of a special committee to evaluate a take-private proposal suggests that B Riley is seriously considering a significant change in its corporate structure. This could lead to a buyout, affecting stock prices positively in the short term as investors anticipate potential premium offers.
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