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News

Ritchie Bros. And IAA Announce Amended Merger Agreement That Enhances Value For Ritchie Bros. Shareholders While Increasing Cash Consideration For IAA Shareholders

Author: Benzinga Newsdesk | January 23, 2023 08:03am

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.

Investor Conference Call Scheduled for 8:00 A.M. Eastern Time Today

Posted In: IAA RBA

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