Long-term iaa inc. shareholder discerene group believes in iaa's go-alone prospects if proposed value-destroying merger with ritchie bros. auctioneers is voted down by shareholders

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 issued the following letter to iaa shareholders. the full text of the letter follows. dear fellow shareholders, like many of you, we believe in the value-creation opportunity and long-term prospects at iaa, inc. (“iaa”).
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