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Ritchie Bros. Auctioneers Incorporated (RBA)

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  • 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.