B. Riley Financial Announces Proposed Public Offering of Common Stock
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B. Riley Financial (RILY) to Acquire United Online (UNTD) in $170M Deal
May 4, 2016 4:32 PM EDTB. Riley Financial, Inc. (NASDAQ: RILY) today announced that it has signed a definitive agreement and plan of merger to acquire United Online, Inc. (NASDAQ: UNTD), a leading provider of consumer services and products over the Internet, for $11.00 per share, or approximately $170 million in aggregate merger consideration. The consideration represents approximately $48 million in cash consideration from B. Riley Financial after taking into account the projected United Online cash balance at closing.
United Online's Communications segment features the Internet access brands, NetZero and Juno, which offer a range of high-quality,... More
