Ritchie Bros. Auctioneers (RBA) to Acquire IronPlanet in $758.5M Deal
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UPDATE: Oppenheimer Reiterates Perform as Ritchie Bros. Auctioneers (RBA) Announces IronPlanet Acquisition
August 30, 2016 9:14 AM EDT(Updated - August 30, 2016 9:16 AM EDT)
Oppenheimer reiterated a perform rating on Ritchie Bros. Auctioneers (NYSE: RBA) after the company announced that it has entered into an agreement to acquire IronPlanet. The acquisition is expected to meaningfully bolster RBA's GAP/revenue/EPS over... More
Ritchie Bros. Auctioneers (RBA), Caterpillar (CAT) Enter Strategic Alliance Agreement
August 30, 2016 6:21 AM EDTRitchie Bros. (NYSE: RBA), and Caterpillar Inc. (NYSE: CAT) announced that they have entered into a strategic alliance agreement. The strategic alliance is expected to deliver significant benefits to both companies, Caterpillar's independent dealers and their respective customers, continuing an accelerated delivery of Caterpillar's Internet of Things (IoT) connectivity offerings to improve customer fleet utilization.
Under the terms of the agreement, Ritchie Bros. will become Caterpillar's preferred global partner for live onsite and online auctions with respect to used Caterpillar equipment, and will complement Caterpillar's existing dealer... More
Ritchie Bros to buy U.S. e-commerce site IronPlanet for $758 million
August 29, 2016 7:09 PM EDT(Reuters) - Canadian industrial auctioneer Ritchie Bros Auctioneers Inc (NYSE: RBA) said it will buy IronPlanet, a privately held U.S. e-commerce site for used equipment, for about $758.5 million, as it looks to diversify its portfolio.
Burnaby, Vancouver-based Ritchie, which focuses on the... More
