Aug 16 (Reuters) - BRYANT RILEY:

* BRYANT RILEY: PROPOSING TO ACQUIRE ALL OF THE SHARES B

RILEY

FINANCIAL INC THAT I DO NOT PRESENTLY OWN FOR A PURCHASE PRICE

OF $7 PER SHARE

* BRYANT R. RILEY REPORTS 23.2 % STAKE IN B. RILEY

FINANCIAL, INC.

AS OF AUGUST 15- SEC FILING

* BRYANT RILEY: PLANS TO FINANCE DEAL WITH DEBT AND,

POTENTIALLY,

EQUITY FROM THIRD PARTY CAPITAL PROVIDERS

* BRYANT RILEY: PLAN ON CONTINUING TO REPORT CO'S FINANCIALS

TO

SEC AND BONDS AND PREFERRED' S WILL CONTINUE TO BE PUBLICLY

TRADED

* BRYANT RILEY: CONFIDENT IN B. RILEY FINANCIAL'S ABILITY TO

CONTINUE TO SUCCESSFULLY EXECUTE OUR STRATEGY

* BRYANT RILEY: POSSIBLE TO CONTINUE TO LIST ON SECONDARY

EXCHANGE

IF THERE ARE SHAREHOLDERS THAT WOULD LIKE TO PARTICIPATE IN THIS

DEAL

* BRYANT RILEY: DO NOT INTEND TO PROCEED WITH PROPOSED

TRANSACTION

UNLESS IT IS APPROVED BY SPECIAL COMMITTEE OF B RILEY FINANCIAL

* BRYANT RILEY: DEAL SUBJECT TO NON-WAIVABLE CONDITION OF

APPROVAL

OF MAJORITY SHARES OF CO NOT OWNED BY BRYANT, SENIOR MGMT, OR

AFFILIATES

* BRYANT RILEY: EXPECT SPECIAL COMMITTEE OF B RILEY BOARD

WILL

CONSIDER PROPOSED TRANSACTION AND MAKE RECOMMENDATION TO THE

BOARD

Source text for Eikon:

Further company coverage: