Ritchie Bros. shareholders voted to approve the proposed acquisition of IAA. Ritchie Bros. will file final certified voting results on an 8-K with the U.S. Securities and Exchange Commission as soon as practicable.
“We thank our shareholders for their confidence in the Ritchie Bros. team, our strategy and the significant value creation potential we can unlock through the Ritchie Bros. and IAA combination,” Ann Fandozzi, CEO of Ritchie Bros., said. “We have a proven record of delivering on our stakeholder commitments and look forward to continuing this record with IAA – providing outstanding returns for our investors, exciting opportunities for our employees and enabling our customers to be even more successful by tapping into Ritchie Bros.’ marketplace of value-added insights, services and transaction solutions.
“We greatly value the varied perspectives that have been shared and the engagement we have had with our shareholders since announcing the IAA transaction.”
