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RBA.US
id: 437
On November 7, 2022, Ritchie Bros. Auctioneers (RBA) announced a $7.3 billion acquisition of IAA (IAA), saying it would form a leading global marketplace for heavy equipment and vehicles.

RBA also reported Q3 2022 revenue below analyst estimates.

Some social media already have questioned the synergies between the companies and the opnion that probably RBA could be overpaying for IAA.

The Deal still pending shareholder approval from both companies but Investos have reasons to suspect that RBA Leaders acted not in thier best interests conducting this offer.
Alleged Offence
Mismanagement
Malpractice
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Shareholder
Investment Bank
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
07 November 2022
Collecting participants…

Ritchie Bros Auctioneers

RB Global, Inc., an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands includ...

    Ticker
    RBA.US
    ISIN
    CA74935Q1072
    CIK
    1046102
    Sector
    Industrials
    Industry
    Specialty Business Services
    Country
    USA
    Address
    Two Westbrook Corporate Center, Westchester, IL, United States, 60154