Ritchie Bros. Auctioneers

Ritchie Bros. Auctioneers, Inc. is an industrial auctioneer, which engages in the sale of equipment to on-site and online bidders. It operates through the following segments: Auctions and Marketplaces, Ritchie Bros. Financial Services and Mascus. The Auctions and Marketplaces segment consists of live on site auctions, online auctions and marketplaces, and brokerage service. The Ritchie Bros. Financial Services segment refers to the financial brokerage service. The Mascus segment includes online listing service. The company was founded by David Edward Ritchie in 1958 and is headquartered in Burnaby, Canada.

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RB Global, Inc. engages in the provision of value-added insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its brands include Ritchie Bros., IAA, Rouse Services, SmartEquip, Xcira, and Veritread. The company was founded by David Edward Ritchie in 1958 and is headquartered in Westchester, IL.

Combined Company Positioned for Growth and Shareholder Value Creation VANCOUVER, BC , March 20, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) today announced that it has completed its acquisition of IAA, Inc. ("IAA").

Ritchie Bros. Completes Acquisition of IAA, Creating a Premier Global Marketplace Leader

Ritchie Bros. (RBA) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it.

Down -15.58% in 4 Weeks, Here's Why You Should You Buy the Dip in Ritchie Bros. (RBA)

VANCOUVER, BC , March 15, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) ("Ritchie Bros.

Ritchie Bros. Announces Closing of Senior Notes Offering to Partially Fund IAA Merger

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IAA Inc

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora”), which is the beneficial owner of approximately 4% of the outstanding shares of IAA, Inc. (NYSE: IAA) (“IAA”) and 0.5% of the outstanding shares of Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (“Ritchie Bros.”), today applauded the approval of the companies' combination. Fredrick D.

Ancora Issues Statement Regarding Shareholders' Approval of the IAA and Ritchie Bros. Combination

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA) (“the Company”) 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 (NYSE: RBA) (TSX: RBA) (“Ritchie Bros.”) at the Special Meeting of IAA Stockholders held earlier today. In a separate special meeting of shareholders held earlier today, based on a preliminary vote count, Ritchie Bros.

IAA Announces Stockholder Approval of Merger Agreement with Ritchie Bros.

VANCOUVER, BC, March 14, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) ("Ritchie Bros.") announced that, based on the preliminary vote count provided by its proxy solicitors following the Company's Special Meeting of Shareholders (the "Special Meeting") held earlier today, Ritchie Bros. shareholders voted to approve the proposed acquisition of IAA, Inc. (NYSE: IAA) ("IAA"). Ritchie Bros. will file final, certified voting results on a Form 8-K with the U.S. Securities and Exchange Commission as soon as practicable.

Ritchie Bros. Shareholders Vote to Approve IAA Acquisition at Special Meeting

VANCOUVER, BC, March 13, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) ("Ritchie Bros.") today issued the following statement related to the acquisition of IAA, Inc. (NYSE: IAA) ("IAA")

Ritchie Bros. Issues Statement

NEW YORK--(BUSINESS WIRE)--Luxor Capital responds to letter from Ritchie Bros. co-founder and former president & COO to stop IAA merger.

Luxor Responds to Letter From Ritchie Bros. Co-Founder and Former President & COO to Stop IAA Merger

Two-day onsite and online auction attracted 12,300+ bidders from 45+ countries DENVER , March 13, 2023 /PRNewswire/ - 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.

Ritchie Bros. sells 5,100+ items for US$52+ million in Rocky Mountain Regional Event

NEW YORK--(BUSINESS WIRE)--Luxor Capital Group, LP (“Luxor”), as the manager of funds owning 4.7 million shares of Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (“RBA” or the “Company”), 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, voted to defeat the proposed merger with IAA, Inc. (NYSE: IAA) (the “IAA Merger”), in connection with the March 14, 2023 special meeting of shareholders.

Luxor Comments on Preliminary Ritchie Bros Merger Vote

2,100+ items will be sold from Ritchie Bros.' Las Vegas site & simulcast to its booth on the show floor LAS VEGAS , March 9, 2023 /PRNewswire/ - Next week Ritchie Bros.

Ritchie Bros. to simulcast March 17 Las Vegas online auction at CONEXPO/CON-AGG

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NEW YORK--(BUSINESS WIRE)--Luxor Capital Group, LP (“Luxor”), as the manager of funds owning 4.7 million shares of Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (“RBA” or the “Company”), representing approximately 4.2% of the Company's outstanding shares, today released a letter to its fellow RBA shareholders highlighting key reasons to vote AGAINST the proposed merger with IAA, Inc. (NYSE: IAA) (the “IAA Merger”).

Luxor Reminds Ritchie Bros. Shareholders of Deadline to Vote Against Value Destructive Merger With IAA

IAA Acquisition Accelerates Ritchie Bros.' Growth Strategy and Is a Unique Opportunity to Deliver Returns Significantly in Excess of Standalone Value  Independent Proxy Advisory Firm Egan-Jones Recommends Ritchie Bros.

Ritchie Bros. Urges Shareholders to Vote Today "FOR" Proposed Acquisition of IAA

In a move to entice shareholders, Ritchie Bros Auctioneers said Tuesday that would pay a special dividend of $1.08 per share if they vote to approve the company's $7 billion acquisition of US auto retailer IAA Inc.  The merger would give Ritchie an entry point into the heavy machinery and equipment market, along with salvaged cars, trucks and motorcycles.  Shareholders of both companies are expected to vote on March 14, with the deal to close on March 20.

Ritchie Bros Auctioneers promises shareholders special dividend if they back merger with US auto retailer

Payment of Dividend Contingent upon Closing of IAA Transaction VANCOUVER, BC , March 7, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) ("Ritchie Bros.

Ritchie Bros. Declares Special Cash Dividend

Three-day public auction attracted 15,300+ bidders from 40+ countries, competing for 5,500+ items EDMONTON, AB , March 7, 2023 /PRNewswire/ - Last week, Ritchie Bros. sold 5,500+ equipment items, trucks, and vehicles at its site in Edmonton, AB, generating CA$72+ million (US$52+ million) in gross transaction value.

Ritchie Bros. sells CA$72+ million of equipment & vehicles in Edmonton, AB

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA) (“the Company”) today announced that proxy advisory firms Glass, Lewis & Co. (“Glass Lewis”) and Institutional Shareholder Services (“ISS”) recommend that IAA stockholders vote to adopt the merger agreement and thereby approve Ritchie Bros. Auctioneers Incorporated's (NYSE: RBA) (TSX: RBA)(“Ritchie Bros.

IAA Issues Statement on Glass Lewis and ISS Reports

Ritchie Bros.' Board Is Confident IAA Acquisition Delivers Value for Shareholders that is Superior to that Achievable Under Ritchie Bros.' Standalone Plan

Ritchie Bros. Issues Statement on Glass Lewis and ISS Reports

Proxy advisory firms Institutional Shareholder Services and Glass Lewis on Monday recommended that shareholders reject Ritchie Brothers Auctioneers Inc's planned $7 billion acquisition of U.S. auto retailer IAA Inc.

Proxy advisors urge shareholders to reject Ritchie Bros bid for IAA

The Ritchie Bros.-owned company will launch its new inventory management system, Fleet Manager, at CONEXPO/CON-AGG in Las Vegas, NV next week LAS VEGAS , March 6, 2023 /PRNewswire/ - Rouse Services is a leader in construction equipment market intelligence, with a 100+ years of industry expertise, along with unrivaled data precision, and first-class customer service.

Rouse Services celebrates record-breaking customer growth in 2022

Vontobel Asset Management, Which Owns 2.15% of Ritchie Bros. Shares, is Yet Another Ritchie Bros.

Ritchie Bros. Thanks Shareholders for Their Strong Support of IAA Acquisition

Urges All Shareholders to Vote "FOR" All Proposals Listed on the WHITE Proxy Card VANCOUVER, BC , March 3, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) ("Ritchie Bros.

Ritchie Bros. Mails Letter to Shareholders Regarding IAA Acquisition

VANCOUVER, BC , March 1, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA), "Ritchie Bros.

News for Ritchie Bros. Auctioneers Stock (RBA)