The latest announcement is out from B Riley Financial ( (RILY) ).
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
B. Riley Financial has partnered with Oaktree Capital Management to form Great American Holdings, consolidating its Appraisal and Valuation Services, Retail, Wholesale & Industrial Solutions, and Real Estate businesses. This strategic move, valued at $386 million, allows B. Riley to reduce debt and retain significant equity while benefiting from Oaktree’s investment expertise. Expected to close in late 2024, the partnership aims to enhance financial services offerings and foster growth opportunities.
For detailed information about RILY stock, go to TipRanks’ Stock Analysis page.
