- Benzinga
Ritchie Bros. Secures $500M Strategic Investment From Starboard; Raises Cash Payout In IAA Proposal
Ritchie Bros. Auctioneers Inc (NYSE: RBA) has changed the terms of its acquisition proposal of IAA Inc (NYSE: IAA), increasing the cash consideration to IAA shareholders. Under the terms of the amended agreement, IAA shareholders will receive $12.80 per share in cash and 0.5252 common shares of Ritchie Bros. for each share of IAA common stock they own. The change in consideration mix represents a shift in the cash/stock mix to approximately 29% cash/71% stock from the previous mix of 22% cash/78
- The Motley Fool
Ritchie Bros. (TSX:RBA): Lower Earnings But the Ecosystem Is Expanding
A dividend-paying industrial stock with an expanding ecosystem is an excellent portfolio diversifier if you want to mitigate market risks in 2022. The post Ritchie Bros. (TSX:RBA): Lower Earnings But the Ecosystem Is Expanding appeared first on The Motley Fool Canada.
