B. Riley Financial to acquire a remaining stake in National Holdings.

B. Riley Financial, a diversified financial services and business advisory company, agreed to acquire a remaining stake in National Holdings, a full-service investment banking and asset management firm, for $3.25 per share. "This is an exciting milestone in the history of our firm and its 70-year heritage in the capital markets. Our continued efforts to transform National has allowed us to grow and further diversify our business, while attracting top talent to our platform. We have worked closely with the world-class team at B. Riley for the past two years. This combination is the right next step in our evolution. Our core focus will remain on servicing our clients and we will continue to intelligently scale our business for the benefit of both firms' clients and shareholders. This combination affords our firms' expanded network of financial professionals with access to differentiated solutions, robust equity research and enhanced sales and trading capabilities, in addition to a wide array of customized corporate finance and business advisory solutions," Michael Mullen, National Holdings Chairman and CEO.