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Ritchie Bros. Shareholder Luxor Capital Backs Co-Founders Against IAA Deal

Por: MarketWatch Business March 13, 2023

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Early Monday morning, the Canadian heavy-equipment and truck auctioneer's co-founder and former chairman, and former president and director, David Ritchie and Russell Cmolik, said in a letter to shareholders that the merger with IAA would negatively affect the company's culture and legacy. The two former executives said the Ritchie Bros. board should seek to end the transaction, or that the shareholders should vote down the deal to... + full article



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