UPDATE: Oppenheimer Reiterates Perform as Ritchie Bros. Auctioneers (RBA) Announces IronPlanet Acquisition
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/25/2024
- Stocks and yen struggle as tech troubles weigh
- Meta Platforms reports softer Q2 revenue guidance on plans to boost spending on AI
- Oil steady as US demand concerns balance Middle East conflict risks
- Yen hits fresh 34-year lows against dollar ahead of BOJ meeting
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Hasbro (HAS) brand strength sees earnings top expectations
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
Pre-Open Stock Movers 08/30: (RIGL) (RBA) (MDLZ) Higher; (GIII) (ANF) (HSY) Lower (more...)
August 30, 2016 9:07 AM EDTToday's Pre-Open Stock Movers
Bonanza Creek Energy, Inc. (NYSE: BCEI) 24.2% HIGHER; announces that it has been notified by The New York Stock Exchange (NYSE) that it is no longer in compliance with certain continued listing... More
Ritchie Bros. Auctioneers (RBA) to Acquire IronPlanet in $758.5M Deal
August 30, 2016 6:23 AM EDTRitchie Bros. Auctioneers Incorporated, the world's largest industrial auctioneer and a leading equipment distributor (NYSE: RBA), and IronPlanet, a leading online marketplace for used heavy equipment and other durable asset sales, jointly announced that they have entered into an agreement under which Ritchie Bros. will acquire IronPlanet for approximately US$758.5 million, subject to customary closing adjustments.
Founded in 1999, IronPlanet complements Ritchie Bros.' primarily end-user customer base, as it focuses largely on the needs of corporate accounts, equipment manufacturers, dealers and government entities in equipment disposition solutions. It conducts its sales primarily through... 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
