B. Riley to sell Great American Group unit to Oaktree for about $400 million, WSJ reports By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 14 2024
0mins
Source: Investing.com
B. Riley's Sale of Great American: Investment bank B. Riley is selling its appraisal and valuations unit, Great American, to Oaktree Capital for approximately $400 million, which includes $203 million in cash and equity interests.
Impact on B. Riley's Financials: The sale proceeds may help reduce B. Riley's debt and address investor concerns following significant losses related to its exposure to Franchise Group, as the bank's stock has plummeted 79% this year.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
