IAA, Inc. (IAA) News
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IAA News Highlights
- For IAA, its 30 day story count is now at 20.
- Over the past 21 days, the trend for IAA's stories per day has been choppy and unclear. It has oscillated between 1 and 5.
- BROS, RBA and PATH are the most mentioned tickers in articles about IAA.
Latest IAA News From Around the Web
Below are the latest news stories about IAA INC that investors may wish to consider to help them evaluate IAA as an investment opportunity.
UPDATE 1-Ritchie Bros completes $7 billion IAA acquisitionCanada's Ritchie Bros Auctioneers Inc said on Monday it had completed the acquisition of U.S. auto retailer IAA Inc, weeks after two proxy advisory firms urged shareholders to reject the $7 billion deal. The company, which auctions and sells used heavy industrial equipment, last week saw its shareholders vote in favor of the acquisition despite the pushback from Institutional Shareholder Services and Glass Lewis. The proxy advisory firms on March 6 recommended that shareholders reject the deal due to potential risks including a lag in IAA's performance and a drop in stock price since the bid was announced in November. |
Ritchie Bros completes $7 billion IAA acquisitionThe company, which auctions and sells used heavy industrial equipment, last week saw its shareholders vote in favor of the acquisition despite the pushback from Institutional Shareholder Services and Glass Lewis. The proxy advisory firms on March 6 recommended that shareholders reject the deal due to potential risks including a lag in IAA's performance and a drop in stock price since the bid was announced in November. |
Exponent Set to Join S&P MidCap 400; CVR Energy and Certara to Join S&P SmallCap 600S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: |
UPDATE 1-Shareholders of Canada's Ritchie Bros support deal with IAARitchie's shareholders including Luxor Capital Group and Eminence Capital had opposed the deal. Proxy advisory firms Institutional Shareholder Services and Glass Lewis also recommended that shareholders reject the deal, citing potential risks. Ritchie Bros on Jan. 23 sweetened the cash component of its buyout offer for IAA by 28%, valuing the U.S. auto retailer at $5.94 billion, and also secured the backing of a key IAA shareholder who had questioned the initial offer. |
IAA Announces Stockholder Approval of Merger Agreement with Ritchie Bros.WESTCHESTER, Ill., March 14, 2023--IAA, Inc. (NYSE: IAA) ("the Company") today announced that its stockholders have adopted the previously announced merger agreement providing for the stock and cash acquisition of the Company by Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) ("Ritchie Bros.") at the Special Meeting of IAA Stockholders held earlier today. |
Shareholders of Canada's Ritchie Bros support deal with IAARitchie's shareholders including Luxor Capital Group and Eminence Capital had opposed the deal. Proxy advisory firms Institutional Shareholder Services and Glass Lewis also recommended that shareholders reject the deal, citing potential risks. Ritchie Bros on Jan. 23 sweetened the cash component of its buyout offer for IAA by 28%, valuing the U.S. auto retailer at $5.94 billion, and also secured the backing of a key IAA shareholder who had questioned the initial offer. |
UPDATE 1-Canada's Ritchie to pay special dividend if investors back $7-bln IAA dealCanada's Ritchie Bros Auctioneers said on Tuesday it would pay a special dividend of $1.08 per share to its investors if they back its $7-billion deal for U.S. auto retailer IAA Inc. Shareholders of both the companies are set to vote on March 14 on the deal that will allow Ritchie to tap into a growing market for heavy machinery and equipment, salvaged cars, trucks and motorcycles. IAA shares rose 1% in the early trade. |
Canada's Ritchie to pay special dividend if investors back $7-billion IAA dealShareholders of both the companies are set to vote on March 14 on the deal that will allow Ritchie to tap into a growing market for heavy machinery and equipment, salvaged cars, trucks and motorcycles. IAA shares rose 1% in the early trade. However, Ritchie's shareholders including Luxor Capital Group, Eminence Capital, Deep Field Asset Management and Janus Henderson Investors have opposed the deal. |
Canada's Ritchie to pay special dividend to investors who back $7-bln IAA dealCanada's Ritchie Bros Auctioneers said on Tuesday it would pay a special dividend of $1.08 per share to its investors if they back its $7-billion deal for U.S. auto retailer IAA Inc. Shareholders of both the companies are set to vote on March 14 on the deal that will allow Ritchie to tap into a growing market for heavy machinery and equipment, salvaged cars, trucks and motorcycles. However, Ritchie's shareholders including Luxor Capital Group, Eminence Capital, Deep Field Asset Management and Janus Henderson Investors have opposed the deal. |
Some Investors May Be Worried About IAA's (NYSE:IAA) Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd... |