​Embattled Finance Firm B. Riley Looks To Raise Up To $410 Million From Asset Sales – Tyler Durden

Embattled Finance Firm B. Riley Looks To Raise Up To $410 Million From Asset Sales Distressed financial firm B. Riley is planning the sale of its majority stake in Great American Group to reduce its leverage and try to stabilize its embattled business, according to Bloomberg. Shares were up almost 15% in early trade on the news before paring gains with the broader market. The Los Angeles-based company is negotiating the sale and has a non-binding financing agreement for its B. Riley and bebe brands businesses. These deals could raise $410 million, which B. Riley plans to use to reduce…  — Continue at ZeroHedge News : Read More