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Bryant Riley proposed to buy RILY for $7 per share, valuing it at $212 million. The offer is a 39% premium but far lower than last week's $17 valuation. RILY's recent turmoil followed its association with Franchise Group, impacting its market value. Shares rose 20% on Friday after a drastic 70% drop earlier in the week. A special committee will review the buyout offer; financing is claimed to be secure.
- Bryant Riley proposed to buy RILY for $7 per share, valuing it at $212 million.
- The offer is a 39% premium but far lower than last week's $17 valuation.
- RILY's recent turmoil followed its association with Franchise Group, impacting its market value.
- Shares rose 20% on Friday after a drastic 70% drop earlier in the week.
- A special committee will review the buyout offer; financing is claimed to be secure.
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