IAA - Dividend announcements

Ritchie Bros. Shareholders Also Approve all Transaction-Related Proposals 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. shareholders also voted to approve all proposals necessary to consummate the transaction. Accordingly, all stockholder and regulatory approvals required to consummate the tra

Shareholder Approval Marks Important Milestone Toward Completing IAA Transaction and Accelerating Ritchie Bros.' Strategy to Create Premier Global Marketplace with Long Runway for Outstanding Growth and Value Creation 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 w

Significant Growth and Premier Returns Under Current Board and Management Show that Shareholders Should Look to the Future, Not the Past IAA is Right Next Step in Ritchie Bros.' Value Creating Transformation Strategy 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"): The substantial value created under Ritchie Bros.' current Board of Directors and management team shows that shareholders should look to the future, not the past. We have great respect for Mr. Ritchie as a co-founder of the Company. However, he retired from the C

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. Shareholders Vote "FOR" All Proposals to Approve Acquisition of IAA Special Meeting of Shareholders is Fast Approaching – Vote Promptly by Internet, Telephone or ProxyEdge Board Continues to Unanimously Recommend that Ritchie Bros. Shareholders Vote "FOR" All Proposals on the WHITE Proxy Card VANCOUVER, BC, March 7, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros.") today reiterated the Board of Directors' unanimous recommendation

Glass Lewis and ISS recommend IAA stockholders vote to approve merger agreement with Ritchie Bros. IAA Board of Directors continues to unanimously recommend stockholders vote FOR the proposed transaction on the WHITE proxy card Special Meeting of IAA stockholders scheduled to be held on March 14, 2023 Transaction unlocks significant value creation for IAA stockholders, driven by the potential for substantial cost synergies and revenue growth opportunities 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 an

ISS Recommends Shareholders Vote Against the IAA Merger Citing Better Standalone Path, Deal Risks, Strategic Rationale, Board Credibility and Deal Process Glass Lewis Criticizes IAA Merger's "Excessive Execution Risk, Procedural Concerns, Questionable Financial Assumptions, Unfavorable Relative Valuation, Dubious Risk/Reward Proposition" in its own Recommendation for Shareholders to Vote Against Merger ISS and Glass Lewis Recommend That Standalone Ritchie Bros. is the Best Alternative for Shareholders NEW YORK, March 06, 2023 (GLOBE NEWSWIRE) -- Luxor Capital Group, LP ("Luxor"), as the manager of funds owning 4.7 million shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:

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 Proposals Listed on the WHITE Proxy Card Today VANCOUVER, BC, March 6, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros.") today provided the following statement in response to reports issued by Glass Lewis & Co. ("Glass Lewis") and Institutional Shareholder Services ("ISS") in connection with the Company's pending acquisition of IAA, Inc. (NYSE:IAA) ("IAA"): The Ritchie Bros. Board of Directors and management team strongly disagree with the recommendati

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.") today issued the following letter reinforcing the outstanding value creation opportunity presented by the acquisition of IAA, Inc. (NYSE:IAA) ("IAA") and highlighting support the Company is receiving from many shareholders and independent third-party industry analysts. The Company's Special Meeting of Shareholders to vote on proposals necessary to complete the IAA acquisition is scheduled for March 14, 2023. The letter, which is also being mailed to shareholders, and additional materials rel

Ritchie Bros. Urges Shareholders to Vote "FOR" All Proposals Listed on the WHITE Proxy Card VANCOUVER, BC, Feb. 27, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros.") today issued the following letter from the Company's independent members of its Board of Directors in connection with its March 14, 2023 Special Meeting of Shareholders related to the acquisition of IAA, Inc. (NYSE:IAA) ("IAA"). The letter is also being mailed to shareholders and can be found at www.RBASpecialMeeting.com along with other materials related to the Special Meeting. February 27, 2023 Dear Ritchie Bros. Shareholders, As independent members of the Ritchie Bros. Board of

Urges Ritchie Bros. Shareholders to Vote "FOR" All Proposals on the WHITE Proxy Card VANCOUVER, BC, Feb. 22, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros.") today released a presentation regarding its acquisition of IAA, Inc. (NYSE:IAA) ("IAA") and the reasons Ritchie Bros. shareholders should vote to approve the transaction at the March 14, 2023 Special Meeting of Shareholders. The presentation has been filed with the U.S. Securities and Exchange Commission and is available at www.RBASpecialMeeting.com. Ann Fandozzi, CEO of Ritchie Bros., said, "The IAA transaction is expected to unlock substantial value that neither Ritchie Bros. nor IAA co

Issues Open Letter to RBA Shareholders Highlighting Flawed and Risky Transaction with Limited Strategic Logic NEW YORK, Feb. 15, 2023 /PRNewswire/ -- Eminence Capital, LP ("Eminence"), the beneficial owner of more than 900,000 shares of Class A Common Stock of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) (the "Company"), today announced its intention to vote AGAINST the Company's proposed merger with IAA, Inc. (NYSE:IAA).  Eminence also issued the following letter to RBA shareholders highlighting the flawed and risky nature of the transaction with limited strategic logic.  The full text of the letter is below. Dear Fellow Shareholders, In November 2022, Ritchie Bros Auctioneer

Ritchie Bros.' Transformation Continues to Create Significant, Sustainable Shareholder Value IAA Acquisition Accelerates Ritchie Bros.' Standalone Strategy and Drives Incremental Value of Up to $76 Per Share Ritchie Bros.' Management Team Has Extensive Industry and M&A Experience and a Clear Plan to Successfully Integrate IAA IAA's Existing Yards Present Opportunity to Immediately Address Ritchie Bros.' Need for Capacity at Lower Costs and With Much Higher Returns Amended Agreement with IAA Delivers Even Greater Value for Ritchie Bros.' Shareholders Ritchie Bros. Shareholders Are Urged to Vote "FOR" All Proposals on the WHITE Proxy Card Visit www.RBASpecialMeeting.com for More Information

Perpetual Preferred Security Being Issued Transfers US$145 Million of Value to a Non-Shareholder at the Expense of Existing Common Shareholders Agreement Seeks to Entrench Management and Board NEW YORK, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Luxor Capital Group, LP ("Luxor"), as the manager of funds owning approximately 3.6% of the outstanding shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("RBA" or the "Company"), today commented on RBA's purported restructuring of RBA's proposed merger with IAA, Inc. (NYSE:IAA) (the "IAA Merger"). Luxor is deeply concerned that management and the board of directors (the "Board") of RBA chose to further entrench themselves by entering