03/15/23 4:15 PMNYSE : RBA acquisitionRitchie Bros. Announces Closing of Senior Notes Offering to Partially Fund IAA Merger-Ritchie Bros. Auctioneers Incorporated, today announced that its subsidiary, Ritchie Bros. Holdings Inc., has closed an offering of $550 million aggregate principal amount of 6.750% senior secured notes due March 15, 2028 and $800 million aggregate principal amount of 7.750% senior notes due March 15, 2031. The Notes have been offered and sold only to persons...RHEA-AIneutral
03/14/23 5:00 PMNYSE : IAA, RBA Ancora Issues Statement Regarding Shareholders’ Approval of the IAA and Ritchie Bros. CombinationAncora Holdings Group, LLC, which is the beneficial owner of approximately 4% of the outstanding shares of IAA, Inc. and 0.5% of the outstanding shares of Ritchie Bros. Auctioneers Incorporated, today applauded the approval of the companies’ combination. Fredrick D. DiSanto, Chairman and Chief Executive Officer of Ancora, and James Chadwick, President of Ancora...RHEA-AIneutral
03/14/23 12:27 PMNYSE : IAA, RBA acquisitionIAA Announces Stockholder Approval of Merger Agreement with Ritchie Bros.IAA, Inc. today announced that its stockholders have adopted the previously announced merger agreement providing for the stock and cash acquisition of the Company by Ritchie Bros. Auctioneers Incorporated at the Special Meeting of IAA Stockholders held earlier today. J.P. Morgan Securities LLC is serving as the exclusive financial advisor to IAA. Cooley...RHEA-AIpositive
03/14/23 11:52 AMNYSE : RBA, IAA acquisitionRitchie Bros. Shareholders Vote to Approve IAA Acquisition at Special Meeting-Ritchie Bros. Auctioneers Incorporated announced that, based on the preliminary vote count provided by its proxy solicitors following the Company's Special Meeting of Shareholders held earlier today, Ritchie Bros. shareholders voted to approve the proposed acquisition of IAA, Inc.. Operating in a number of sectors, including construction, transportation,...RHEA-AIvery positive
03/13/23 10:55 AMNYSE : RBA, IAA Ritchie Bros. Issues StatementThe substantial value created under Ritchie Bros.' current Board of Directors and management team shows that shareholders should look to the future, not the past. Ritchie Bros. is very different from the small family-run traditional auction business that Mr. Ritchie co-founded in Kelowna, British Columbia in 1958. Ritchie Bros. today is a trusted global...RHEA-AIneutral
03/13/23 8:00 AMNYSE : RBA, IAA acquisitionLuxor Responds to Letter From Ritchie Bros. Co-Founder and Former President & COO to Stop IAA MergerLuxor Capital Group, LP, as the manager of funds owning 4.7 million shares of Ritchie Bros. Auctioneers Incorporated, representing approximately 4.2% of the Company’ s outstanding shares, today responded to a letter released by David E Ritchie, RBA Co-Founder, Former Chairman and Director, and C Russell Cmolik, Former President, COO and Director, calling on RBA...RHEA-AIneutral
03/13/23 7:00 AMNYSE : RBA Ritchie Bros. sells 5,100+ items for US$52+ million in Rocky Mountain Regional EventTwo-day onsite and online auction attracted 12,300+ bidders from 45+ countriesDENVER , March 13, 2023 - Last week, Ritchie Bros. sold 5,100+ items from three locations in its Rocky Mountain Regional Event, generating US$52+ million in gross transaction value.The March 8 – 9, 2023RHEA-AIneutral
03/13/23 12:56 AMNYSE : RBA, IAA acquisitionRitchie Bros. Co-Founder and Former President & COO Speak Out Against Merger With IAA-David E Ritchie, Co-Founder, Former Chairman and Director; and C Russell Cmolik, Former President and Director of Ritchie Bros. Auctioneers Incorporated, released a letter to shareholders of Ritchie Bros., in connection with the proposed merger with IAA, Inc.:. As fellow shareholders of Ritchie Bros. we write to you with deep concern for the great Company we began...RHEA-AIneutral
03/10/23 12:50 PMNYSE : RBA, IAA acquisitionLuxor Comments on Preliminary Ritchie Bros Merger VoteLuxor Capital Group, LP, as the manager of funds owning 4.7 million shares of Ritchie Bros. Auctioneers Incorporated, representing approximately 4.2% of the Company’ s outstanding shares, today announced that preliminary results, as of the proxy deadline and tabulated by Luxor’ s proxy solicitor, show that approximately 43 million shares or 46% of votes cast,...RHEA-AIneutral
03/09/23 11:58 AMNYSE : RBA Ritchie Bros. to simulcast March 17 Las Vegas online auction at CONEXPO/CON-AGG-Next week Ritchie Bros. will be at CONEXPO/ CON-AGG in Las Vegas, NV, the largest equipment trade show in North America. At its booth in the West Hall, Ritchie Bros. will be presenting its full suite of services, designed to help fleet owners manage the entire equipment lifecycle, from purchase through disposition. "We will have our auctioneers conducting the online...RHEA-AIneutral