Brief: B. Riley Financial Increases Investment In Bebe
25/09/2023 21:14
Sept 25 (Reuters) - bebe stores inc BEBE.PK :
* B. RILEY FINANCIAL INCREASES INVESTMENT IN BEBE
* B RILEY FINANCIAL INC - B. RILEY WILL OWN APPROXIMATELY
76% OF
OUTSTANDING SHARES OF BEBE COMMON STOCK
* B RILEY FINANCIAL INC - B. RILEY TO PURCHASE 3.7 MILLION
SHARES
OF BEBE STORES, INC. FROM FOUNDER MANNY MASHOUF
* B RILEY FINANCIAL INC - WE EXPECT THIS TRANSACTION TO BE
ACCRETIVE TO B. RILEY'S EBITDA
* B RILEY FINANCIAL INC - PROPOSED DEAL FOR $18.5 MILLION
* B RILEY FINANCIAL: MANNY MASHOUF WILL CONTINUE TO OWN
APPROXIMATELY 4% OF BEBE'S OUTSTANDING SHARES OF COMMON STOCK
Source text for Eikon: ID:nPn9XHd6na
Further company coverage: BEBE.PK
((Reuters.Briefs@thomsonreuters.com;))
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