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Shares of B. Riley Financial Inc (RILY) climbed 20% after the investment bank announced that it will sell its appraisal and valuations division Great American to asset manager Oaktree Capital for almost $400 million.
The deal will see B. Riley pocket about $203 million in cash, along with $183 million in Class B preferred units of the new holding company for... Bullish
Bryant Riley, chairman and co-CEO of B. Riley, expres Bullish";'>Read all
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