Iaa investor alert by the former attorney general of louisiana: kahn swick & foti, llc investigates adequacy of price and process in proposed sale of iaa, inc. - iaa

New orleans--( business wire )--former attorney general of louisiana charles c. foti, jr., esq. and the law firm of kahn swick & foti, llc (“ksf”) are investigating the proposed sale of iaa, inc. (nyse: iaa) to ritchie bros. auctioneers incorporated (nyse: rba). under the terms of the proposed transaction, shareholders of iaa will receive only $10.00 in cash and 0.5804 shares of ritchie for each share of iaa that they own. ksf is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the company.
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