Ritchie Bros. Issues Statement
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/4/2026
- Wall St rises and Dow touches record high while chip selloff caps Nasdaq's gains
- Broadcom results, guidance beat on soaring AI chip sales; stock slips after hours
- HSBC stays aggressive on stocks, asks what could turn it bearish
- SpaceX sets IPO price at $135 ahead of roadshow in break with Wall Street norms
- Crypto stocks sink as Bitcoin hits a 4-month low
- Morgan Stanley lifts MU and SNDK targets, sees 2-3 years of tight memory supply
- Navitas showcases 800V power delivery board at NVIDIA MGX ecosystem event
- Inotiv files for bankruptcy with $65 million financing commitment
- Broadcom results, guidance beat on soaring AI chip sales; stock slips after hours
- Wells Fargo Upgrades Oscar Health Inc (OSCR) to Equal Weight 'on Greater Confidence in Exchange Market Trajectory in 2026'
- After-Hours Stock Movers: AVGO, CRWD, FIVE, AI, TLYS, NTSK,
- After-Hours Stock Movers: PANW, CRWD, ZS, GTLB, ULTA
- After-Hours Stock Movers: HPE, CRDO, FULC, ABVX, MCHP
- After-Hours Stock Movers: DELL, MDB, AEO, NTAP, GAP, S, ADSK
- After-Hours Stock Movers: CRM, MRVL, SNOW, HPQ, DDOG, MDB, P, SNPS, BRZE, NCNO
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
