Long-term iaa inc shareholder discerene group sends letter to iaa board of directors regarding proposed value-destroying merger with ritchie bros. auctioneers

Stamford, conn.--(business wire)--discerene group lp, whose affiliates and investment vehicles managed beneficially own approximately 3.6% of the outstanding shares of iaa, inc. (nasdaq: iaa), today sent a letter to iaa's board of directors indicating its intention to vote against the proposed revised transaction with ritchie bros. auctioneers (nasdaq: rba).
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