RBA - Dividend announcements

RB Global, Inc. (NYSE:RBA) (TSX:RBA), a trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that on April 21, 2026, the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") with respect to its pending acquisition of BigIron Auction Company ("BigIron"). The termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending acquisition, which is expected to be completed in the second quarter of 2026, but which remains subject to other customary closing conditions. A

RB Global, Inc. (NYSE:RBA) (TSX:RBA) (the "Company" or "RB Global") announced today that it has obtained the approval of the Toronto Stock Exchange (the "TSX") to commence a normal course issuer bid ("NCIB"). NCIB Details The NCIB will commence on March 18, 2026 and will terminate on March 17, 2027 or on such earlier date as the Company may complete its purchases thereunder or as it may otherwise determine. Under the NCIB, the Company may purchase up to the lesser of 10,000,000 common shares (such amount representing approximately 7% of the total public float of the Company as of March 6, 2026) and that number of common shares worth an aggregate of US$500 million. Furthermore, subject t

RB Global, Inc. (NYSE:RBA) (TSX:RBA) (the "Company" or "RB Global") today announced that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to US$500 million worth of its common shares, subject to the approval of the Toronto Stock Exchange. The Company intends to make an application for approval of a Normal Course Issuer Bid in March 2026. The Company believes that the repurchase of its common shares at certain market prices may be an attractive and appropriate use of the Company's funds. The Company intends to make any repurchases on an opportunistic basis with decisions regarding the amount and the timing of repurchases based o

RB Global, Inc. (NYSE:RBA) (TSX:RBA) ("RB Global" or the "Company"), the trusted global partner for insights, services and transaction solutions, today announced that it has entered into a definitive agreement to acquire Big Iron Auction Company ("BigIron"), accelerating the Company's strategic expansion into U.S. agriculture. BigIron is a scaled, agriculture-focused online marketplace connecting buyers and sellers of agricultural equipment, land, livestock, and other farm and ranch assets. Embedded in the communities it serves across rural America, BigIron's digital platform is trusted by farmers, landowners, and rural enterprises. BigIron processed roughly $885 million in gross transact

14,500+ assets sold as global event signals strong start to 2026 equipment market RB Global, Inc. (NYSE:RBA) (TSX:RBA), a trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced Ritchie Bros. Auctioneers generated more than US$265+ million in gross transaction value (GTV) during its Feb. 16-20 premier global auction in Orlando, FL, selling more than 14,500 equipment items, trucks and vehicles. The five-day auction drew more than 19,500 participants from 80+ countries across construction, transportation, agriculture and energy sectors. Approximately 86% of assets sold to U.S. buyers, including 39% purchased by Florid

RB Global, Inc. (NYSE and TSX:RBA) announces that its Board of Directors has declared a quarterly cash dividend of US$0.31 per common share, payable on March 2, 2026 to shareholders of record on February 9, 2026. This dividend is considered an eligible dividend for Canadian income tax purposes. About RB Global RB Global, Inc. (NYSE:RBA) (TSX:RBA) is a leading, omnichannel marketplace and trusted provider of value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its global network of auction sites and digital platform, RB Global serves customers worldwide across a variety of asset classes, including automotive,

Buyers and sellers, thousands of assets, live and onsite bidding, and expanded customer engagement all comes together during the premier global auction Feb. 16–20 RB Global, Inc. (NYSE:RBA) (TSX:RBA), a trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today shared new details and featured equipment highlights ahead of the Ritchie Bros. Auctioneers February 2026 Orlando auction, from Feb. 16 to 20 at the company's world-class Orlando facility. Known as the world's largest equipment auction, the Orlando event brings together buyers and sellers from across construction, transportation, agriculture, energy and other industries.

End-to-end vehicle sales and marshalling program awarded to IAA RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global partner for insights, services and transaction solutions for commercial assets and vehicles, today announced that IAA has secured an opportunity to expand its existing remarketing services to support an increase in government fleet vehicle volume through its already successful relationship with the U.S. General Services Administration (GSA). IAA has supported GSA with new vehicle preparation and trade-in management for the past five years. Under the new, expanded contract, IAA's services now offer a full, end-to-end solution, including remarketing fleet returns through

Global event returns to Florida February 16-20, featuring live onsite bidding and the return of equipment-ramping RB Global, Inc. (NYSE:RBA) (TSX:RBA), a trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that Ritchie Bros. Auctioneers will host its premier global auction event – and the world's largest equipment auction – in Orlando, FL, from February 16 to 20, 2026. The 2026 event will showcase the full onsite energy and experience that makes this auction special. Throughout the event, attendees will be able to bid live onsite with Ritchie Bros.' timed auction (TAL) technology and expert bid-catcher team. Day

New auction center expands company's customer base in Latin America RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global partner for insights, services and transaction solutions for commercial assets and vehicles, today announced that IAA has launched a new Market Alliance in Guatemala with Auto Traders of America ("ATA"). This alliance is part of IAA's ongoing strategy to expand its international presence. Auto Traders of America will operate a vehicle auction center, with their team providing local services and assistance to buyers seeking to browse, bid on and buy inventory listed at IAA. This alliance reaffirms IAA's commitment to its global customer base by helping to streamline

RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global partner for insights, services and transaction solutions, today announced leadership changes and senior management appointments, effective September 1, to position the company for accelerated and consistent growth. "Since becoming CEO, I've been laser-focused on setting the right foundation for our growth for another 50-plus years," said Jim Kessler, Chief Executive Officer of RB Global. "With this go-forward structure, our teams are set up to focus on big-picture strategy and efficiency, while also strengthening how we can deliver on our commitments to each marketplace's unique needs. We're making it even easier for our partners to

RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global partner for insights, services and transaction solutions, today announced its wholly owned subsidiary, Ritchie Bros. Auctioneers (America), Inc., has completed its acquisition of J.M. Wood Auction Co., Inc. ("J.M. Wood"). Together, the companies will use their deep industry knowledge, strong heritage and talented teams to enhance their service offerings available to customers in Alabama and adjacent states. "Both Ritchie Bros. and J.M. Wood have spent decades building trust through integrity, relationships and a deep understanding of customers' businesses," said Jim Kessler, Chief Executive Officer of RB Global. "We're thrilled to w

New auction center expands company's customer base in the Caucasus RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that IAA has launched a new Market Alliance with CarGo Logistic Azerbaijan. CarGo Logistic Azerbaijan will operate an IAA Auction Center, where their team will provide local services and assistance to buyers seeking to browse, bid on and buy inventory listed at IAA. This strategic alliance seeks to broaden the reach of both companies in the country by enabling a new market of buyers in the region to purchase vehicles more efficiently through IAA's bidding

New auction center to expand customer base in Central America RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global partner for insights, services and transaction solutions, today announced that IAA has entered into a new Market Alliance with Moto Leader Group (MLG) International in Panama. MLG International will operate an IAA Auction Center, where their team will provide local services and assistance to buyers seeking to browse, bid on and buy inventory listed at IAA. This agreement strengthens IAA's customer base in Central America and boosts access to its extensive vehicle inventory for buyers regionally and worldwide. "We are thrilled to extend IAA's international reach with a n

RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that on May 22, 2025, the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") with respect to the pending acquisition of JM Wood Auction Co., Inc. by Ritchie Bros Auctioneers (America), Inc., which is a wholly owned subsidiary of RB Global. The termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending acquisition, which is expected to be completed in the second or

RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced Ritchie Bros. Auctioneers sold 11,000+ equipment items, trucks and vehicles at its premier Canadian auction event in Edmonton, AB, last week. The five-day auction generated nearly CA$225 million in gross transaction value (GTV). The April 29 – May 3, 2025, online and onsite auction attracted more than 18,000 bidders from more than 50 countries, with approximately 94% of the equipment selling to Canadians, including 62% purchased by Albertans. The remaining 6% of the equipment was purchased by international buyers from as f

New auction center to expand IAA's customer base in the Middle East RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that IAA has launched a new Market Alliance with Nejoum Al Jazeera in the United Arab Emirates (UAE). This agreement will expand IAA's customer base and increase the visibility of its available vehicles worldwide. "We are excited to expand IAA's global footprint with the announcement of a new Market Alliance in the UAE," said Scott Guenther, Senior Vice President, North America Operations at IAA. "Nejoum Al Jazeera has a strong reputation and team in the

RB Global, Inc. (NYSE:RBA) (TSX:RBA) ("RB Global" or the "Company"), the trusted global partner for insights, services and transaction solutions, today announced that it has entered into a definitive agreement under which RB Global will acquire J.M. Wood Auction Co., Inc. ("J.M. Wood"). We currently expect the acquisition to be completed in the second quarter of 2025, subject to customary closing conditions, including required regulatory clearances. "Our shared values and culture align naturally, particularly in our commitment to putting our partners and customers first," said Jim Kessler, Chief Executive Officer of RB Global. "This move enhances our geographic coverage in Alabama and adja

Five-day public auction attracted 19,000+ bidders from 75+ countries competing for 16,000+ equipment items RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that Ritchie Bros. Auctioneers sold 16,000+ equipment items, trucks and vehicles at its Feb. 17-21 premier global auction event in Orlando, FL, generating US$250+ million in gross transaction value (GTV). The premier global auction event attracted 19,000+ people from 75+ countries, with approximately 88% of the equipment selling to U.S. buyers, including 23% purchased by Floridians. The remaining 12% of the equipme

RB Global, Inc. (NYSE and TSX:RBA) has amended the record date of its recently declared quarterly cash dividend of US$0.29 per common share from February 6, 2025 to February 14, 2025. The payment date for the quarterly dividend will remain March 3, 2025, as previously announced on January 20, 2025. This dividend is considered an eligible dividend for Canadian income tax purposes. About RB Global RB Global, Inc. (NYSE:RBA) (TSX:RBA) is a leading, omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its auction sites in 14 countries and digital platform, RB Global serves c

RB Global, Inc. (NYSE and TSX:RBA) announces that its Board of Directors has declared a quarterly cash dividend of US$0.29 per common share, payable on March 3, 2025 to shareholders of record on February 6, 2025. This dividend is considered an eligible dividend for Canadian income tax purposes. About RB Global RB Global, Inc. (NYSE:RBA) (TSX:RBA) is a leading, omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its auction sites in 14 countries and digital platform, RB Global serves customers in more than 170 countries across a variety of asset classes, including automo

WESTCHESTER, Ill., May 9, 2024 /PRNewswire/ - RB Global, Inc. (NYSE:RBA) (TSX: RBA) (the "Company", "RB Global", "we", "us", "their", or "our") reported the following results for the three months ended March 31, 2024. "Our solid start to the year directly reflects our "One Team-All In" culture and our dedication to over delivering on our commitments to our customers" said Jim Kessler, CEO of RB Global. "Robust execution in our automotive sector continues to translate into strong performance for our partners". "The increase in our full-year guidance speaks to our commitment to operational excellence and focus on investing in profitable growth" said Eric J. Guerin, Chief Financial Officer. "S

WESTCHESTER, Ill., Jan. 22, 2024 /PRNewswire/ - RB Global, Inc. (NYSE:RBA) (TSX:RBA), announces that its Board of Directors has declared a quarterly cash dividend of US$0.27 per common share, payable on March 1, 2024, to shareholders of record on February 9, 2024. This dividend is considered an eligible dividend for Canadian income tax purposes. About RB GlobalRB Global, Inc. (NYSE:RBA) (TSX:RBA) is a leading, omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its auction sites in 14 countries and digital platform, RB Global serves customers in more than 170 countries acro

Combined Company Positioned for Growth and Shareholder Value Creation VANCOUVER, BC, March 20, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) today announced that it has completed its acquisition of IAA, Inc. ("IAA"). As previously announced on January 23, 2023, under the terms of the amended merger agreement, IAA shareholders will receive $12.80 per share in cash and 0.5252 common shares of Ritchie Bros. for each share of IAA common stock they own. "The closing of the IAA acquisition represents the beginning of an exciting new chapter for Ritchie Bros. as we expect the combination of our businesses to drive long-term, profitable growth and significant, susta

Ritchie Bros. Shareholders Also Approve all Transaction-Related Proposals IAA, Inc. (NYSE:IAA) ("the Company") today announced that its stockholders have adopted the previously announced merger agreement providing for the stock and cash acquisition of the Company by Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros.") at the Special Meeting of IAA Stockholders held earlier today. In a separate special meeting of shareholders held earlier today, based on a preliminary vote count, Ritchie Bros. shareholders also voted to approve all proposals necessary to consummate the transaction. Accordingly, all stockholder and regulatory approvals required to consummate the tra

Shareholder Approval Marks Important Milestone Toward Completing IAA Transaction and Accelerating Ritchie Bros.' Strategy to Create Premier Global Marketplace with Long Runway for Outstanding Growth and Value Creation VANCOUVER, BC, March 14, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros.") announced that, based on the preliminary vote count provided by its proxy solicitors following the Company's Special Meeting of Shareholders (the "Special Meeting") held earlier today, Ritchie Bros. shareholders voted to approve the proposed acquisition of IAA, Inc. (NYSE:IAA) ("IAA").  Ritchie Bros. will file final, certified voting results on a Form 8-K w

Significant Growth and Premier Returns Under Current Board and Management Show that Shareholders Should Look to the Future, Not the Past IAA is Right Next Step in Ritchie Bros.' Value Creating Transformation Strategy VANCOUVER, BC, March 13, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros.") today issued the following statement related to the acquisition of IAA, Inc. (NYSE:IAA) ("IAA"): The substantial value created under Ritchie Bros.' current Board of Directors and management team shows that shareholders should look to the future, not the past. We have great respect for Mr. Ritchie as a co-founder of the Company. However, he retired from the C

IAA Acquisition Accelerates Ritchie Bros.' Growth Strategy and Is a Unique Opportunity to Deliver Returns Significantly in Excess of Standalone Value  Independent Proxy Advisory Firm Egan-Jones Recommends Ritchie Bros. Shareholders Vote "FOR" All Proposals to Approve Acquisition of IAA Special Meeting of Shareholders is Fast Approaching – Vote Promptly by Internet, Telephone or ProxyEdge Board Continues to Unanimously Recommend that Ritchie Bros. Shareholders Vote "FOR" All Proposals on the WHITE Proxy Card VANCOUVER, BC, March 7, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros.") today reiterated the Board of Directors' unanimous recommendation

Payment of Dividend Contingent upon Closing of IAA Transaction VANCOUVER, BC, March 7, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros.") today announced that its Board of Directors declared a special cash dividend (the "special dividend") on Ritchie Bros.' outstanding common shares of US$1.08 per share, payable to shareholders of record at the close of business on March 17, 2023. Payment of the special dividend is contingent upon the closing of Ritchie Bros.' previously announced merger transaction with IAA, Inc. (the "Merger") which is expected to be consummated on or about March 20, 2023, subject to receipt of required shareholder approvals o

Glass Lewis and ISS recommend IAA stockholders vote to approve merger agreement with Ritchie Bros. IAA Board of Directors continues to unanimously recommend stockholders vote FOR the proposed transaction on the WHITE proxy card Special Meeting of IAA stockholders scheduled to be held on March 14, 2023 Transaction unlocks significant value creation for IAA stockholders, driven by the potential for substantial cost synergies and revenue growth opportunities IAA, Inc. (NYSE:IAA) ("the Company") today announced that proxy advisory firms Glass, Lewis & Co. ("Glass Lewis") and Institutional Shareholder Services ("ISS") recommend that IAA stockholders vote to adopt the merger agreement an

ISS Recommends Shareholders Vote Against the IAA Merger Citing Better Standalone Path, Deal Risks, Strategic Rationale, Board Credibility and Deal Process Glass Lewis Criticizes IAA Merger's "Excessive Execution Risk, Procedural Concerns, Questionable Financial Assumptions, Unfavorable Relative Valuation, Dubious Risk/Reward Proposition" in its own Recommendation for Shareholders to Vote Against Merger ISS and Glass Lewis Recommend That Standalone Ritchie Bros. is the Best Alternative for Shareholders NEW YORK, March 06, 2023 (GLOBE NEWSWIRE) -- Luxor Capital Group, LP ("Luxor"), as the manager of funds owning 4.7 million shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:

Ritchie Bros.' Board Is Confident IAA Acquisition Delivers Value for Shareholders that is Superior to that Achievable Under Ritchie Bros.' Standalone Plan Urges All Shareholders to Vote "FOR" All Proposals Listed on the WHITE Proxy Card Today VANCOUVER, BC, March 6, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros.") today provided the following statement in response to reports issued by Glass Lewis & Co. ("Glass Lewis") and Institutional Shareholder Services ("ISS") in connection with the Company's pending acquisition of IAA, Inc. (NYSE:IAA) ("IAA"): The Ritchie Bros. Board of Directors and management team strongly disagree with the recommendati

Urges All Shareholders to Vote "FOR" All Proposals Listed on the WHITE Proxy Card VANCOUVER, BC, March 3, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros.") today issued the following letter reinforcing the outstanding value creation opportunity presented by the acquisition of IAA, Inc. (NYSE:IAA) ("IAA") and highlighting support the Company is receiving from many shareholders and independent third-party industry analysts. The Company's Special Meeting of Shareholders to vote on proposals necessary to complete the IAA acquisition is scheduled for March 14, 2023. The letter, which is also being mailed to shareholders, and additional materials rel

VANCOUVER, BC, March 1, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA), "Ritchie Bros.," the "Company," "we," "us" or "our"), today announced that it has priced its previously announced offering of (a) $550 million aggregate principal amount of 6.750% senior secured notes due March 15, 2028 and (b) $800 million aggregate principal amount of 7.750% senior notes due March 15, 2031 (collectively, the "Notes") to be issued by Ritchie Bros. Holdings Inc., a Washington corporation and wholly-owned subsidiary of Ritchie Bros., with each series of notes to be issued at par. Ritchie Bros. intends to use the net proceeds from the offering of the Notes, together with pr

VANCOUVER, BC, Feb. 28, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA), ("Ritchie Bros.," the "Company," "we," "us" or "our"), today announced that Ritchie Bros. Holdings Inc., a Washington corporation and wholly-owned subsidiary of Ritchie Bros. (the "Issuer"), intends to commence an offering for approximately (a) $550 million aggregate principal amount of senior secured notes due 2028 and (b) $800 million aggregate principal amount of senior notes due 2031 (collectively, the "Notes"), subject to market conditions. Ritchie Bros. intends to use the net proceeds from the offering of the Notes, together with proceeds from its term loan A facility and cash from

Ritchie Bros. Urges Shareholders to Vote "FOR" All Proposals Listed on the WHITE Proxy Card VANCOUVER, BC, Feb. 27, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros.") today issued the following letter from the Company's independent members of its Board of Directors in connection with its March 14, 2023 Special Meeting of Shareholders related to the acquisition of IAA, Inc. (NYSE:IAA) ("IAA"). The letter is also being mailed to shareholders and can be found at www.RBASpecialMeeting.com along with other materials related to the Special Meeting. February 27, 2023 Dear Ritchie Bros. Shareholders, As independent members of the Ritchie Bros. Board of

Urges Ritchie Bros. Shareholders to Vote "FOR" All Proposals on the WHITE Proxy Card VANCOUVER, BC, Feb. 22, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros.") today released a presentation regarding its acquisition of IAA, Inc. (NYSE:IAA) ("IAA") and the reasons Ritchie Bros. shareholders should vote to approve the transaction at the March 14, 2023 Special Meeting of Shareholders. The presentation has been filed with the U.S. Securities and Exchange Commission and is available at www.RBASpecialMeeting.com. Ann Fandozzi, CEO of Ritchie Bros., said, "The IAA transaction is expected to unlock substantial value that neither Ritchie Bros. nor IAA co

Issues Open Letter to RBA Shareholders Highlighting Flawed and Risky Transaction with Limited Strategic Logic NEW YORK, Feb. 15, 2023 /PRNewswire/ -- Eminence Capital, LP ("Eminence"), the beneficial owner of more than 900,000 shares of Class A Common Stock of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) (the "Company"), today announced its intention to vote AGAINST the Company's proposed merger with IAA, Inc. (NYSE:IAA).  Eminence also issued the following letter to RBA shareholders highlighting the flawed and risky nature of the transaction with limited strategic logic.  The full text of the letter is below. Dear Fellow Shareholders, In November 2022, Ritchie Bros Auctioneer

Ritchie Bros.' Transformation Continues to Create Significant, Sustainable Shareholder Value IAA Acquisition Accelerates Ritchie Bros.' Standalone Strategy and Drives Incremental Value of Up to $76 Per Share Ritchie Bros.' Management Team Has Extensive Industry and M&A Experience and a Clear Plan to Successfully Integrate IAA IAA's Existing Yards Present Opportunity to Immediately Address Ritchie Bros.' Need for Capacity at Lower Costs and With Much Higher Returns Amended Agreement with IAA Delivers Even Greater Value for Ritchie Bros.' Shareholders Ritchie Bros. Shareholders Are Urged to Vote "FOR" All Proposals on the WHITE Proxy Card Visit www.RBASpecialMeeting.com for More Information

Perpetual Preferred Security Being Issued Transfers US$145 Million of Value to a Non-Shareholder at the Expense of Existing Common Shareholders Agreement Seeks to Entrench Management and Board NEW YORK, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Luxor Capital Group, LP ("Luxor"), as the manager of funds owning approximately 3.6% of the outstanding shares of Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("RBA" or the "Company"), today commented on RBA's purported restructuring of RBA's proposed merger with IAA, Inc. (NYSE:IAA) (the "IAA Merger"). Luxor is deeply concerned that management and the board of directors (the "Board") of RBA chose to further entrench themselves by entering

Jeffrey Smith to Be Appointed to the Ritchie Bros. Board Upon IAA Acquisition VANCOUVER, BC, Jan. 23, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros.") today announced that it has entered into a securities purchase agreement with Starboard Value LP and certain of its affiliates (together, "Starboard") pursuant to which Starboard will make a concurrent $485 million convertible preferred equity and $15 million common share investment in Ritchie Bros. In connection with the investment, Starboard Chief Executive Officer Jeffrey Smith will be appointed to the Ritchie Bros. Board of Directors effective following the later of the required approvals by

VANCOUVER, BC, Jan. 16, 2023 /PRNewswire/ - Ritchie Bros. (NYSE:RBA) (TSX:RBA) announces that its Board of Directors has declared a quarterly cash dividend of US$0.27 per common share, payable on March 3, 2023 to shareholders of record on February 10, 2023.  This dividend is considered an eligible dividend for Canadian income tax purposes. About Ritchie Bros.:Established in 1958, Ritchie Bros. (TSX:RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining, and forestry, the company'

VANCOUVER, BC, Jan. 13, 2022 /PRNewswire/ - Ritchie Bros. (NYSE:RBA) (TSX:RBA) announces that its Board of Directors has declared a quarterly cash dividend of US$0.25 per common share, payable on March 4, 2022 to shareholders of record on February 11, 2022.  This dividend is considered an eligible dividend for Canadian income tax purposes. About Ritchie Bros.:Established in 1958, Ritchie Bros. (NYSE:RBA) (TSX:RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining, and forestry, t

VANCOUVER, BC, May 10, 2021 /CNW/ - Ritchie Bros. Auctioneers Incorporated  (NYSE:RBA) (TSX:RBA) (the "Company", "Ritchie Bros.", "we", "us", or "our") reported the following results for the three months ended March 31, 2021. (All figures are presented in U.S. dollars) Net income attributable to stockholders increased 24% to $28.2 million, compared to $22.8 million in Q1 2020. Diluted earnings per share ("EPS") attributable to stockholders increased 19% to $0.25 per share in Q1 2021 compared to $0.21 per share in Q1 2020. "Our 11% increase in GTV growth in the quarter was driven by solid underlying performance from all regions contributing to a 31% increase in operating income." "We continu

VANCOUVER, BC, May 10, 2021 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated  (NYSE:RBA) (TSX:RBA) (the "Company", "Ritchie Bros.", "we", "us", or "our") reported the following results for the three months ended March 31, 2021. (All figures are presented in U.S. dollars) Net income attributable to stockholders increased 24% to $28.2 million, compared to $22.8 million in Q1 2020. Diluted earnings per share ("EPS") attributable to stockholders increased 19% to $0.25 per share in Q1 2021 compared to $0.21 per share in Q1 2020. "Our 11% increase in GTV growth in the quarter was driven by solid underlying performance from all regions contributing to a 31% increase in operating income." "We

VANCOUVER, BC, Feb. 18, 2021 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA), (the "Company", "Ritchie Bros.", "we", "us", or "our") reported the following results for the fourth quarter and full year ended December 31, 2020. (All figures are presented in U.S. dollars) Fourth quarter highlights Net income attributable to stockholders decreased 5% to $48.9 million, compared to $51.6 million in Q4 2019. Adjusted net income attributable to stockholders*(non-GAAP measures), which excludes $5.2 million of acquisition-related costs ($3.9 million net of tax) related to the acquisition of Rouse Services LLC ("Rouse"), and $1.5 million current income tax expense related t

VANCOUVER, BC, Jan. 25, 2021 /PRNewswire/ - Ritchie Bros. (NYSE: RBA) (TSX: RBA) announces that its Board of Directors has declared a quarterly cash dividend of US$0.22 per common share, payable on March 5, 2021 to shareholders of record on February 12, 2021.  This dividend is considered an eligible dividend for Canadian income tax purposes. About Ritchie Bros.:Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, oil and gas, mining