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.

VANCOUVER, BC , Jan. 27, 2023 /PRNewswire/ - Ritchie Bros. (NYSE: RBA) and (TSX: RBA) announced today that the company's fourth quarter financial results will be released after market close on Tuesday, February 21st.

Ritchie Bros. to host Fourth Quarter 2022 Results Earnings Conference Call on February 21st, 2023

IAA Inc

Amended Agreement Unanimously Approved by the Ritchie Bros. and IAA Boards Following Engagement with a Cross-Section of Shareholders New Investor Presentation Released Highlighting the Pending Merger's Significant Potential Value Creation Opportunities, Which Includes an Estimated Total of $350 Million to $900 Million in EBITDA Growth Opportunities Proposed Transaction Now Supported by Ancora, a Top Shareholder of IAA, and Starboard Value, Which Has Agreed to Make a Sizable Investment in Ritchie Bros.

Ritchie Bros. and IAA Announce Amended Merger Agreement That Enhances Value for Ritchie Bros.

Jeffrey Smith to Be Appointed to the Ritchie Bros. Board Upon IAA Acquisition VANCOUVER, BC , Jan. 23, 2023 /PRNewswire/ - Ritchie Bros.

Ritchie Bros. Announces $500 Million Strategic Investment from Starboard Value

Ritchie Bros. Auctioneers Inc. RBA, +0.82% RBA, +0.12% and IAA Inc. IAA, +1.78% have agreed to revise the terms of their merger, with the overall value of Ritchie Bros.

Ritchie Bros., IAA agree to revised buyout terms, which lowers per-share value of bid by 5.3%

The investment and Mr. Smith's appointment are contingent on Ritchie Bros.

Ritchie Bros. Sweetens Deal for IAA, With Starboard's Jeff Smith Set to Join Board

NEW ORLEANS--( BUSINESS WIRE )--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of IAA, Inc. (NYSE: IAA) to Ritchie Bros. Auctioneers Incorporated (NYSE: RBA). Under the terms of the proposed transaction, shareholders of IAA will receive only $10.00 in cash and 0.5804 shares of Ritchie for each share of IAA that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

IAA INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of IAA, Inc. - IAA

VANCOUVER, BC , Jan. 16, 2023 /PRNewswire/ - Ritchie Bros. (NYSE: RBA) (TSX: RBA) announces that its Board of Directors has declared a quarterly cash dividend of US$0.27 per common share, payable on March 3, 2023 to shareholders of record on February 10, 2023.

Ritchie Bros. Declares Quarterly Dividend

Last year the site grew its customer base by 300% and increased listings by more than 100% VANCOUVER, BC , Jan. 16, 2023 /PRNewswire/ - Selling equipment on your own is a lot easier with Ritchie List , which provides customers the control they want and the tools they need to sell privately for top dollar. Launched in 2021, Ritchie Bros.

Ritchie List surpassed 75,000+ equipment & vehicle listings in 2022

NEW ORLEANS , Jan. 11, 2023 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

IAA INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of IAA, Inc. - IAA

Flexible financing helps drive GTV & equipment pricing through increased marketplace penetration VANCOUVER, BC , Jan. 11, 2023 /PRNewswire/ - For the first time in its 11-year history, Ritchie Bros. Financial Services surpassed US$1 billion in annual funded volume, helping tens of thousands of customers around the world purchase used equipment, vehicles, and other industrial assets in 2022.

Ritchie Bros. Financial Services funds US$1+ billion in equipment and vehicle purchases in 2022

This acquisition will accelerate Ritchie Bros.' marketplace strategy and improve customer experience VANCOUVER, BC , Jan. 9, 2023 /PRNewswire/ - Ritchie Bros.

Ritchie Bros. acquires controlling stake in VeriTread, a leading transportation technology company

CHEHALIS, Wash., Dec. 27, 2022 /PRNewswire/ - Last week, Ritchie Bros. conducted its largest auction ever in the Pacific Northwest, selling 3,700+ items from five locations in one online auction and generating US$50+ million in gross transaction value.

Satellite yards enable Ritchie Bros.' largest auction ever in the Pacific Northwest

VANCOUVER, BC, and WESTCHESTER, Ill. , Dec. 20, 2022 /PRNewswire/ - Ritchie Bros.

Ritchie Bros. and IAA Announce Receipt of Regulatory Clearances for Proposed Merger

Three-day online auction attracted a record 12,600+ bidders from 65+ countries FORT WORTH, Texas , Dec. 19, 2022 /PRNewswire/ - Last week Ritchie Bros. conducted its largest ever December auction in Texas, selling US$86+ million of equipment and trucks for 800+ consignors in three days.

Ritchie Bros. sells US$86+ million of equipment in its largest ever December Fort Worth auction

Multi-billion-dollar investment manager Luxor Capital Group, LP has issued an open letter expressing serious concerns about the proposed merger between Ritchie Bros Auctioneers Incorporated and IAA, Inc.   Luxor Capital, which owns about 3.6% of Ritchie Bros' outstanding common shares, said it intends to vote against the merger at the company's yet-to-be scheduled special meeting of shareholders. In its letter, Luxor wrote that Ritchie Bros risks the permanent destruction of billions of dollars in shareholder value, as evidenced by the 18% drop in the company's closing share price following the announcement of the merger on November 7, 2022.

Ritchie Bros Auctioneers deal to buy IAA bad for shareholders, says Luxor Group Capital

VANCOUVER, BC , Dec. 12, 2022 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA), "Ritchie Bros.

Ritchie Bros. amends its credit facilities

Transformed the company from an auctioneer to a global marketplace for insights, services, and transaction solutions VANCOUVER, BC , Dec. 1, 2022 /PRNewswire/ - Last week, Ritchie Bros. CEO, Ann Fandozzi, was recognized by Canada's largest newspaper, The Globe & Mail, as its CEO Innovator of the Year.

Ritchie Bros.' Ann Fandozzi recognized as CEO Innovator of the Year by the Globe & Mail

Large excavator sales down in the U.S. in 2022, while mini excavator sales are on the rise FORT WORTH, Texas , Nov. 21, 2022 /PRNewswire/ - With its November Market Trends Report, Ritchie Bros. takes a closer look at sales of earthmoving equipment in North America, including excavators, dozers, wheel loaders, skid steers, and more.

Ritchie Bros. shows rise of compact earthmoving equipment in November Market Trends report

Ritchie Hub & the Inside Edge podcast are two new ways to get insights into the equipment market VANCOUVER, BC , Nov. 15, 2022 /PRNewswire/ - Ritchie Bros. has been selling heavy equipment and trucks for more than 60 years, growing and innovating with the industry.

Ritchie Bros. launches new podcast & blog to share data, news, and industry trends

CLEVELAND--( BUSINESS WIRE )--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or we”), which is the beneficial owner of approximately 4% of the outstanding shares of IAA, Inc. (NYSE: IAA) (“IAA” or the “Company”), today released the below letter to the Company's Board of Directors (the “Board”) regarding the proposed sale to Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) ("Ritchie Bros.”).

Ancora Sends Letter to IAA's Board of Directors Regarding the Poorly Structured Proposed Sale to Ritchie Bros.

Three-day online event attracted 11,200+ bidders from 60+ countries to compete for 6,000+ items HOUSTON , Nov. 14, 2022 /PRNewswire/ - With its final Houston, TX site auction of the year, Ritchie Bros. attracted more than 11,200 online bidders to compete for 6,000+ items, generating US$64+ million in gross transaction value.

Ritchie Bros. sells US$64+ million of equipment and trucks in Houston, TX

The heavy selling pressure might have exhausted for Ritchie Bros. (RBA) as it is technically in oversold territory now.

Down 14.5% in 4 Weeks, Here's Why You Should You Buy the Dip in Ritchie Bros. (RBA)

NEW YORK , Nov. 7, 2022 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by IAA, Inc. (NYSE: IAA) and its board of directors concerning the proposed acquisition of the company by Ritchie Bros. Auctioneers Incorporated (NYSE: RBA).

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of IAA, Inc.

Investors disliked its latest acquisition.

Why Ritchie Bros. Auctioneers Stock Plunged Today

Ritchie Brothers. Auctioneers Incorporated (NYSE:RBA ) Q3 2022 Results Conference Call November 7, 2022 8:00 AM ET Company Participants Sameer Rathod - VP, IR & Market Intelligence Ann Fandozzi - CEO Eric Jacobs - CFO John Kett - CEO, IAA Conference Call Participants John Healy - Northcoast Research Michael Doumet - Scotiabank Gary Prestopino - Barrington Research Michael Feniger - Bank of America Craig Kennison - R.W.

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