The Great American Group Launches as New Independent Business Following Formation of Partnership between Oaktree and B. Riley
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The Great American Group has launched as a new independent business following a partnership between Oaktree and B. Riley. B. Riley is expected to recognize a gain of approximately $235 million from this transaction in its Q4 2024 results.
November 18, 2024 | 12:15 pm
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B. Riley is set to recognize a gain of approximately $235 million from the partnership with Oaktree, impacting its Q4 2024 financial results positively.
The partnership with Oaktree and the launch of The Great American Group as an independent business will result in a significant financial gain for B. Riley, positively impacting its Q4 2024 results. This is likely to boost investor confidence and potentially drive the stock price up.
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IMPORTANCE 80
RELEVANCE 90