Brief: B. Riley Financial, Inc. Acquires 29 Pct Of Bebe Stores, Inc.

bebe stores

16/01/2018 13:00

Jan 16 (Reuters) - B. Riley Financial Inc  RILY.O : 
    * B. RILEY FINANCIAL, INC. ACQUIRES 29% OF BEBE STORES, INC. 
    * B. RILEY FINANCIAL INC - SIMULTANEOUSLY WITH INVESTMENT, 
B. 
RILEY WAS GRANTED TWO OF FIVE SEATS ON BEBE BOARD OF DIRECTORS 
    * B. RILEY FINANCIAL - AS A RESULT OF TRANSACTIONS, BEBE HAS 
MINIMAL EXPENSES AND HAS MAINTAINED APPROXIMATELY $340 MILLION 
NET OPERATING LOSS CARRYFORWARDS 
    * B. RILEY FINANCIAL - EXPECTS BEBE TO GENERATE DIVIDENDS 
THROUGH 
ACQUISITION OF CASH-GENERATING COMPANIES AND UTILIZATION OF ITS 
NET OPERATING LOSSES 
    * B. RILEY FINANCIAL INC - IT IS ANTICIPATED THAT BEBE 
SHARES 
WILL BE CONTRIBUTED TO B. RILEY'S UNIT 
    * B. RILEY - AS PART OF AGREEMENT, B. RILEY PRINCIPAL 
INVESTMENTS' CEO, KENNY YOUNG, CHIEF INVESTMENT OFFICER, NICK 
CAPUANO, JOINED BEBE'S BOARD 
 
Source text for Eikon:  ID:nGNXOLUIMa  
Further company coverage:  RILY.O  
 
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