B. Riley Financial to Acquire National Holdings

January 11, 2021

B. Riley Financial has entered into a definitive agreement to acquire National Holdings Corporation, initiating an all-cash tender offer for the remaining shares it does not own at $3.25 per share. The deal will combine B. Riley's diversified financial services platform with National's investment banking, brokerage and wealth management businesses, materially expanding B. Riley's retail distribution and assets under management.

Buyers
B. Riley Financial, Inc.
Targets
National Holdings Corporation
Location
New York, United States
Transaction Type
Buyout

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