B. Riley to Sell Its Great American Unit to Oaktree, WSJ Says
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B. Riley Financial Inc. has agreed to sell its Great American unit to Oaktree Capital for about $400 million, the Wall Street Journal reported.
B. Riley will receive about $203 million in cash; preferred equity interests in a new holding company for the appraisal and valuations unit valued at about $183 million; and a minority share of common equity interests in the holding company, the Journal said Sunday, citing people with knowledge of the matter.