B. Riley to sell Great American Group unit to Oaktree in $386 million deal 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: B. Riley has agreed to sell its appraisal and valuations unit, Great American, to Oaktree Capital for $386 million, which will help reduce the bank's debt and improve its financial standing.
Investor Concerns and Company Challenges: The sale is expected to alleviate investor worries regarding potential losses from B. Riley's exposure to Franchise Group, while the bank faces challenges including postponed quarterly reports and a significant drop in stock value 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.
