Option Millionaires

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Oaktree in talks to acquire stakes in two B. Riley units, Bloomberg says
Oaktree Capital (OAK) is in exclusive talks to acquire a majority stake in two businesses owned by B. Riley Financial (RILY), Gillian Tan of Bloomberg reports, citing people with knowledge of the matter. Oaktree is in talks to buy a stake of 51% to 55% in B. Riley's appraisal and valuation services arm and its retail, wholesale and industrial solutions unit, a source told Bloomberg. A deal, which could be announced next week, values the units at around $380M, the person added. Shares of B. Riley are up 5% to $5.75 following the report.