Ritchie Bros. 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
Urges All Shareholders to Vote "FOR" All
IAA Q4 EPS $0.61 Beats $0.54 Estimate, Sales $523.50M Miss $533.53M Estimate
IAA (NYSE:IAA) reported quarterly earnings of $0.61 per share which beat the analyst consensus estimate of $0.54 by 12.96 percent. This is unchanged from the same period last year. The company reported quarterly sales
Earnings Scheduled For February 21, 2023
Companies Reporting Before The Bell
• Sohu.com (NASDAQ:SOHU) is likely to report earnings for its fourth quarter.
Ritche Bros. Secures $500M Strategic Investment From Starboard; Raises Cash Payout In IAA Proposal
Ritche Bros. Auctioneers Inc (NYSE:RBA) has changed the terms of its acquisition proposal of IAA Inc (NYSE:IAA), increasing the cash consideration to IAA…
Ritchie Bros Raise Cash Payout for IAA Shareholders to $12.80/Share, From $10/Share
-Wall Street Journal
Luxor Capital Files Preliminary Proxy Statement To Oppose Ritchie Bros. Value Destructive Merger With IAA; Says IAA Merger Risks Permanent Destruction Of Over $1.8B Of Shareholder Value
Luxor Plans to Solicit Proxies AGAINST IAA Merger
IAA Merger risks permanent destruction of over US$1.8 billion1 of shareholder value
RBA's standalone businesses offer a clear path for the Company to
Ancora Sends Letter To IAA’s Board of Directors Regarding The Proposed Sale To Ritchie Bros.
Questions the Board’s Apparent Decisions to Bypass a Transparent, Wide-Ranging Sale Process and Forgo the Ability to Have a Go-Shop Period
Raises Concerns Regarding the Board’s Focus on Obtaining Director
Jefferies Downgrades IAA to Hold, Lowers Price Target to $40
Jefferies analyst Bret Jordan downgrades IAA (NYSE:IAA) from Buy to Hold and lowers the price target from $55 to $40.