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ISS and Glass Lewis Both Recommend Ritchie Bros. Shareholders Vote AGAINST IAA Merger
March 06, 2023 12:41 ET | Luxor Capital Group, LP
ISS Recommends Shareholders Vote Against the IAA Merger Citing Better Standalone Path, Deal Risks, Strategic Rationale, Board Credibility and Deal Process Glass Lewis Criticizes IAA Merger’s...
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Luxor Capital Responds to Ritchie Bros.’s Deceptive Claims in New Presentation
February 28, 2023 12:28 ET | Luxor Capital Group, LP
Issues Comprehensive Take Down of the Most Blatantly False and Misleading Claims from the Company’s Investor Presentation Regarding the Value Destructive Merger with IAA Calls on Ritchie Bros. Board...
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Luxor Capital Releases Presentation to Fellow Ritchie Bros. Shareholders
February 17, 2023 07:00 ET | Luxor Capital Group, LP
Presentation Details Why Shareholders Should Vote AGAINST RBA’s Ill-Advised, Self-Serving and Value-Destructive Merger With IAA Urges Shareholders to Vote on the GREEN Proxy Card AGAINST the IAA...
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Luxor Capital Group Files Definitive Proxy Materials to Oppose Value-Destroying Acquisition of IAA
February 13, 2023 09:43 ET | Luxor Capital Group, LP
Sends Letter to RBA Shareholders Urges Shareholders to Vote on the GREEN Proxy Card AGAINST the IAA Merger NEW YORK, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Luxor Capital Group, LP (“Luxor”), as the...
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Luxor Capital Comments on “Restructured” Ritchie Bros. Proposed Merger with IAA
January 24, 2023 15:51 ET | Luxor Capital Group, LP
Perpetual Preferred Security Being Issued Transfers US$145 Million of Value to a Non-Shareholder at the Expense of Existing Common Shareholders Agreement Seeks to Entrench Management and Board NEW...
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Luxor Capital Files Preliminary Proxy Statement to Oppose Ritchie Bros. Value Destructive Merger with IAA
January 18, 2023 10:19 ET | Luxor Capital Group, LP
Luxor Plans to Solicit Proxies AGAINST IAA Merger IAA Merger risks permanent destruction of over US$1.8 billion1 of shareholder value RBA’s standalone businesses offer a clear path for the Company...
Luxor Capital Issues Open Letter to Board of Ritchie Bros. on Ill-Advised Proposed Acquisition of IAA
December 16, 2022 08:30 ET | Luxor Capital Group, LP
Details Serious Concerns with Proposed IAA Merger, including the Undervaluation of RBA Shares, the Potential Erosion of RBA Business Quality, the Dilution of RBA Shareholders, and the Business Outlook...