Reported about 2 months ago
B. Riley Financial's co-founder and co-CEO, Bryant Riley, has proposed taking the firm private with a bid of $7 per share, valuing the investment bank at $212 million. This comes after a tumultuous week for the company, which witnessed its market value plummet following concerns related to its investment in Franchise Group. Riley's offer, reflecting a 39% premium on its last stock close, will be reviewed by a special committee of independent board directors.
Source: YAHOO