B. Riley co-CEO offers to acquire investment bank

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B. Riley co-CEO offers to acquire investment bank
Bryant RileyFranchise GroupB. Riley
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The stock has plunged 70% so far this week, underscoring the challenges the Los Angeles-based bank is facing, particularly concerning its investment in...

- B. Riley Financial's co-CEO Bryant Riley has proposed to buy the investment bank, he disclosed in a regulatory filing on Friday.

Riley is the co-founder and the largest shareholder of the investment bank. He said he would not proceed with the transaction unless he gets approval from a special committee of independent directors of the bank's board. The bank also delayed its quarterly report and warned of a markdown of $330 million to $370 million in the period related to its investment in FRG, a deal under scrutiny by both its shareholders and regulators.China expressed its “very dramatic” alarm over a mid-range missile system that the U.S. military recently deployed to the Philippines, and warned it could destabilize the region.

The Automotive Sunroof market is experiencing growth as consumer demand for luxury features and enhanced driving experiences increases. The market also presents opportunities with the rising adoption of panoramic and solar sunroofs, driven by advancements in automotive design and the growing trend towards premiumization in vehicles.Austin, Aug. 16, 2024 -- The Automotive Sunroof Market Share is estimated to reach USD 19.36 billion by 2032 and grow at a CAGR of 11.

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