B. Riley Financial shares are trading higher after the company agreed to sell its appraisal and valuations unit, Great American, to Oaktree Capital in a deal valued at approximately $386 million.
Portfolio Pulse from Benzinga Newsdesk
B. Riley Financial's shares rose following the announcement of the sale of its appraisal and valuations unit, Great American, to Oaktree Capital for $386 million.
October 14, 2024 | 1:01 pm
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POSITIVE IMPACT
B. Riley Financial's stock is trading higher due to the sale of its Great American unit to Oaktree Capital for $386 million, indicating a positive market reaction.
The sale of a significant business unit for $386 million is a major corporate action that likely improves B. Riley Financial's financial position, leading to a positive stock price reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100