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Ritchie Bros. Auctioneers Inc. completes acquisition of IAA Inc.
March 20, 2023 - 2:09 PM
VANCOUVER - Ritchie Bros. Auctioneers Inc. announced it has closed its acquisition of U.S. firm IAA Inc. after a contentious few months that saw shareholders divided over the deal.
Ritchie Bros. shareholders approve acquisition of IAA Inc. at special meeting
March 14, 2023 - 1:28 PM
VANCOUVER - Shareholders of Ritchie Bros. Auctioneers Inc. approved the company’s deal to buy U.S. automotive salvage company IAA Inc. at a meeting Tuesday, the company said in a press release.
Proxy advisory firm Egan-Jones recommends Ritchie Bros. shareholders back IAA deal
March 07, 2023 - 6:46 AM
VANCOUVER - Proxy advisory firm Egan-Jones is recommending shareholders of Ritchie Bros. Auctioneers Inc. support the company's deal to buy U.S. automotive salvage company IAA Inc.
Advisory firms recommend Ritchie Bros. shareholders vote against IAA deal
March 06, 2023 - 10:32 AM
VANCOUVER - A report by Institutional Shareholder Services recommends shareholders of Ritchie Bros. Auctioneers Inc. vote against the company's deal to buy automotive salvage company IAA Inc.
Ritchie Bros. Auctioneers reports Q4 profit and revenue up from year ago
February 22, 2023 - 5:45 AM
VANCOUVER - Ritchie Bros. Auctioneers Inc. reported its fourth-quarter profit and sales were up compared with a year earlier.
Ritchie Bros. Q4 profit expected to be between US$42M and US$45M
February 13, 2023 - 5:16 AM
VANCOUVER - Ritchie Bros. Auctioneers Inc. says it expects its fourth-quarter profit to come in between US$42 million and US$45 million.
Janus Henderson Investors to oppose Ritchie Bros. deal to buy IAA
January 30, 2023 - 12:14 PM
VANCOUVER - A second investment manager is voicing its opposition to a plan by Ritchie Bros. Auctioneers Inc. to buy vehicle auction company IAA Inc.
Luxor Capital still opposed to Ritchie Bros. deal to buy IAA despite changes
January 25, 2023 - 5:43 AM
VANCOUVER - Investment firm Luxor Capital Group LP remains opposed to Ritchie Bros. Auctioneers Inc.'s deal to buy IAA Inc. despite changes to the agreement.
Ritchies Bros. tweaks offer for IAA to up cash component, but trim overall value
January 23, 2023 - 5:51 AM
VANCOUVER - Ritchie Bros. Auctioneers Inc. is changing the terms of its proposal to buy IAA Inc. to increase the proportion of cash offered but trim the overall value of the bid.
Ritchie Bros. Auctioneers buying IAA in deal worth US$7.3 billion, including debt
November 07, 2022 - 10:30 AM
VANCOUVER - Shares in Ritchie Bros. Auctioneers Inc. plunged nearly 20 per cent after it announced a deal Monday to acquire U.S. company IAA Inc. in a transaction it valued at about US$7.3 billion including the assumption of US$1.0 billion of net debt.
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iN RESPONSE: Readers have their say
Following are emailed reader responses to stories or letters to the editor for the third week of April 2024. They have been edited slightly for readability. Got something you want to add? Send an email to editor Marshall Jones at mjo
Fruit packers near Kelowna fined another $78,000
A fruit packing plant in the Ellison area east of Kelowna was hit with another $78,368 in fines for discharging effluent into a failed septic field. That’s now more than $110,000 in fines since 2022 for the same issue at Sandher Fruit
Manitoba government plans to lift ban on homegrown recreational cannabis
WINNIPEG - The Manitoba government is planning to end its ban on homegrown recreational cannabis — a move that would leave Quebec as the only province with such a restriction. "We're just allowing Manitobans to have the same
Kamloops council to expand tax exemptions for new rental builds
Developers have more land to choose from if they want to cut costs on new rental buildings in Kamloops. The City is looking to expand a tax exemption program to span massive swaths of Kamloops in order to encourage development. Previously r
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She was too sick for a traditional transplant. So she received a pig kidney and a heart pump
NEW YORK (AP) — Doctors have transplanted a pig kidney into a New Jersey woman who was near death, part of a d
April 24, 2024 9:00 PM
'A spicy lady': Kamloops fire department celebrates oldest team member
A beloved senior in Kamloops is being celebrated for her impressive 35 years of service as an administrator at Kamlo
April 24, 2024 7:00 PM
Salmon Arm pharmacist pays fine for diverting drugs from hospital
A former Salmon Arm pharmacist has to pay a hefty fine for diverting drugs from the local hospital. Earlier th
April 24, 2024 6:00 PM
‘Fire is medicine’: WFN company utilizes prescribed burns to mitigate wildfire risks
As wildfires worsen across the province, cikilaxwm (prescribed fire) is gaining more traction as a way to mitigate b
April 24, 2024 4:35 PM
Kamloops council to expand tax exemptions for new rental builds
Developers have more land to choose from if they want to cut costs on new rental buildings in Kamloops. The Ci
April 24, 2024 3:30 PM
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