Ritchie bros. and iaa announce amended merger agreement that enhances value for ritchie bros.

Amended agreement unanimously approved by the ritchie bros. and iaa boards following engagement with a cross-section of shareholders new investor presentation released highlighting the pending merger's significant potential value creation opportunities, which includes an estimated total of $350 million to $900 million in ebitda growth opportunities proposed transaction now supported by ancora, a top shareholder of iaa, and starboard value, which has agreed to make a sizable investment in ritchie bros.
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