Why Is B. Riley Financial Stock Rocketing Today?
Why Is B. Riley Financial Stock Rocketing Today?
B. Riley Financial, Inc. (NASDAQ:RILY) shares are trading higher on Wednesday.
b. Riley Financial, Inc. (NASDAQ:RILY)股票週三上漲。
Oaktree Capital is in discussions to obtain a majority stake in two enterprises owned by B. Riley, reported Bloomberg.
Oaktree Capital正與b. Riley討論取得兩家企業的大部分股權，據Bloomberg報道。
Oaktree is planning to acquire a stake in the band of 51% to 55% in B. Riley's appraisal and valuation services unit and its retail, wholesale and industrial solutions division, entities formerly known as Great American Group, the report read, citing people familiar with the discussions.
Oaktree計劃收購b. Riley的評估和估值服務部門及其零售、批發和工業解決方案部門的51%至55%的股份，這兩個實體以前被稱爲Great American Group，引用了熟悉討論的人士的話。
B. Riley purchased the business in 2014. An agreement esteems the units at around $380 million, Bloomberg added. The agreement could be announced next week. However, the company has not yet finalized the transaction.
b. Riley於2014年收購了該業務。根據Bloomberg的報道，一項協議將這兩個部門的價值估計爲約38000萬美元。協議可能於下週公佈。但是，公司尚未最終確定交易。
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The report added that there are even chances that the terms change or the deal fails to happen last minute.
報道還稱，術語可能發生變化，或者交易在最後一刻失敗的可能性甚至存在。
"Our review of strategic alternatives for Great American Group is advancing and we look forward to providing additional updates when appropriate," B. Riley said earlier in the month.
"我們對Great American Group的戰略選擇的審查正在進行中，我們期待在合適的時候提供更多更新"，b. Riley在本月早些時候表示。
Last week, the company announced it received a preliminary non-binding proposal from its co-founder Bryant Riley.
上週，該公司宣佈收到了其聯合創始人Bryant Riley的初步非約束性提案。
Its shares are at a 10-year low after the company suspended its dividend, revealed it might register its largest-ever quarterly loss, and disclosed that the SEC is investigating the company, the report highlighted.
其股票價格在公司暫停派息、可能登記公司有史以來最大的季度虧損，並披露SEC正在調查該公司後降至10年低點。
According to Benzinga Pro, RILY stock has lost over 84% in the past year.
據Benzinga Pro報道，RILY股票在過去一年中已經損失了84%。
Price Action: RILY shares are trading higher by 32.4% to $7.26 at last check Wednesday.
股票價格動態：RILY股票正在上漲，最後一次檢查時漲幅達到32.4%，達到7.26美元。
Image: Pete Linforth from Pixabay
圖片：來自Pixabay的Pete Linforth
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譯文內容由第三人軟體翻譯。