Ritchie Bros. Issues Statement
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/8/2026
- S&P 500 falls as AI worries hit software makers
- Brent crude hits six-week high near $97 as Houthi strike targets Saudi Aramco
- Qualcomm stock surges 9.5% on Amazon AI deal & 25M share warrant
- Energy stocks rise premarket as oil prices climb on Middle East supply fears
- Novartis shares plunge 10% as failed drug trial clouds growth outlook
- Harry and Meghan surprised by King Charles' letter on their status
- Citi initiates UiPath coverage with Buy rating and $23 target
- S&P 500 falls as AI worries hit software makers
- WestPark Capital Starts Akebia Therapeutics (AKBA) at Buy
- After an 18% summer selloff in chip stocks, Citi asks what comes next
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
- After-Hours Movers: WDAY, ADSK, S, RBRK, MRVL, ULTA, GAP, AFRM
- After-Hours Movers: NVDA, CRM, SNPS, CRWD, OKTA, NTNX
Ritchie Bros. Auctioneers disagrees with founder on IAA deal as 'company has evolved'
March 13, 2023 1:51 PM EDTRitchie Bros. Auctioneers (NYSE: RBA) released a statement on Monday responding to a letter from its co-founder and former chairman David Ritchie and former President and Director Russell Cmolik, stating that the company is different now compared to the company that Mr. Ritchie co-founded.
The co-founder stated in a letter last week that he and Cmolik have "deep concerns" regarding RBA's acquisition of U.S. auto retailer IAA in a deal valued at roughly $7 billion.
"The impending merger with IAA risks negatively impacting the culture of the company and, with it, its... More
