B. Riley says co-founder has offered to take it private

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Go back to B. Riley says co-founder has offered to take it private

B. Riley co-CEO offers to acquire investment bank; shares surge

August 16, 2024 9:38 AM EDT

In a regulatory filing on Friday, Bryant Riley, B. Riley Financial (NASDAQ: RILY) Financial's co-CEO, proposed to buy the investment bank. The news has seen B. Riley's shares surge more than 27% in early trading.

The $7 per share offer represents a 39% premium to B. Riley stock's last close.

The stock has plunged 70% so far this... More