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0 0 0.000319201995012434 -0.000498753117206883 -0.00349127182044889 -0.0104738154613467 -0.0164588528678303 -0.0164588528678303
Stock impact report

B. Riley Chairman Feels ‘Personally Sick' as FRG Goes Bankrupt [Yahoo! Finance]

B. Riley Financial, Inc. (RILY) 
NASDAQ:AMEX Investor Relations: ir.brileyfin.com/investor-relations
Company Research Source: Yahoo! Finance
of Franchise Group Inc., which came a little more than a year after he helped to arrange a $2.8 billion buyout that became one of his firm's key holdings. Most Read from Bloomberg Istanbul Tries Free Public Transit to Help Job Seekers The Answer To Making Cities More Family-Friendly? Courtyards In Warsaw, Falling Road Deaths Signal a Traffic Safety Turnaround Chicago Mayor Seeks Property Tax Hike, Breaking Campaign Vow Muddling the Message Around ‘Climate Havens' The August 2023 deal for Franchise Group, or FRG, saw B. Riley take a stake of about 31%, with much of it pledged to B. Riley's lenders. The Chapter 11 bankruptcy that FRG declared Sunday erased FRG's equity, leading to another impairment of $120 million for Riley's Los Angeles-based company, on top of previous writedowns of up to $370 million, according to a statement. “This is not the outcome we ever envisioned,” said Riley, the firm's chairman, in an email to employees that was included in a regulatory fili Show less Read more
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