(Reuters) – B. Riley said on Thursday it has launched a review of strategic alternatives for its appraisal and retail, wholesale and industrial solutions businesses, which could include a potential sale or other transaction.
Shares in the U.S. brokerage firm plunged 20% in extended trading.
The company has retained Moelis & Company LLC as an independent financial adviser to assist in its review.
(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shilpi Majumdar)
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