{"id":739226,"date":"2023-03-10T12:53:05","date_gmt":"2023-03-10T17:53:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\/"},"modified":"2023-03-10T12:53:05","modified_gmt":"2023-03-10T17:53:05","slug":"luxor-comments-on-preliminary-ritchie-bros-merger-vote","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\/","title":{"rendered":"Luxor Comments on Preliminary Ritchie Bros Merger Vote"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Luxor Comments on Preliminary Ritchie Bros Merger Vote<\/b><\/p>\n<p class=\"bwalignc\"><i>Preliminary results show that ~46% of RBA votes cast AGAINST merger with IAA<\/i><\/p>\n<p class=\"bwalignc\"><i>Luxor thanks Ritchie Bros. shareholders for acting as engaged fellow owners<\/i><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nLuxor Capital Group, LP (\u201cLuxor\u201d), as the manager of funds owning 4.7 million shares of Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (\u201cRBA\u201d or the \u201cCompany\u201d), representing approximately 4.2% of the Company\u2019s outstanding shares, today announced that preliminary results, as of the proxy deadline and tabulated by Luxor\u2019s proxy solicitor, show that approximately 43 million shares or 46% of votes cast, voted to defeat the proposed merger with IAA, Inc. (NYSE: IAA) (the \u201cIAA Merger\u201d), in connection with the March 14, 2023 special meeting of shareholders.\n<\/p>\n<p>\n&#8220;Despite our best efforts on behalf of all shareholders, and our disappointment in the outcome, we wish the Company well with its integration of IAA. Luxor would like to thank Ritchie Bros. shareholders for supporting our fact-based campaign, and exercising their responsibilities as engaged fellow owners. We would also like to thank both ISS and Glass Lewis for their comprehensive analysis,\u201d said Doug Snyder, President of Luxor.\n<\/p>\n<p><b>About Luxor Capital Group, LP:<\/b><\/p>\n<p>\nLuxor Capital Group, LP is a multi-billion-dollar investment manager, which was founded in 2002 and is based in New York. It makes investments through its fundamental, long-term oriented investment process. The firm has an extensive history of investing in global marketplaces businesses.\n<\/p>\n<p>\nLuxor Capital Group, LP, LCG Holdings, LLC, Lugard Road Capital GP, LLC, Luxor Capital Partners Offshore Master Fund, LP, Luxor Capital Partners Long Offshore Master Fund, LP, Luxor Capital Partners, LP, Lugard Road Capital Master Fund, LP, Luxor Management, LLC, Christian Leone, and Jonathan Green (collectively, the \u201cParticipants\u201d) have filed a definitive proxy statement and accompanying GREEN proxy card with the Securities and Exchange Commission (\u201cSEC\u201d) to be used to solicit proxies in connection with a special meeting (the \u201cSpecial Meeting\u201d) of the shareholders of Ritchie Bros. Auctioneers Incorporated, a company organized under the federal laws of Canada (the \u201cCompany\u201d). All shareholders of the Company are advised to read the definitive proxy statement and other documents related to the solicitation of proxies by the Participants, as they contain important information, including additional information related to the Participants. The definitive proxy statement and an accompanying GREEN proxy card will be furnished to some or all of the Company\u2019s shareholders and will be, along with other relevant documents, available at no charge from the Participants\u2019 proxy solicitors, Okapi Partners LLC by phone at (877) 629-6356 (Toll Free) or by email to <a rel=\"nofollow\" href=\"mailto:info@okapipartners.com\">info@okapipartners.com<\/a>, or to Shorecrest Group by phone at (888) 637-5789 (Toll Free) or by email at <a rel=\"nofollow\" href=\"mailto:contact@shorecrestgroup.com\">contact@shorecrestgroup.com<\/a>. Information about the Participants and a description of their direct or indirect interests by security holdings is contained in the definitive proxy statement filed by the Participants with the SEC on February 13, 2023. This document is available free of charge on the SEC website.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230310005345r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230310005345\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230310005345\/en\/<\/a><\/span><\/p>\n<p>\nInvestor Contacts\n<\/p>\n<p>\nDouglas Friedman<br \/>\n<br \/>Luxor Capital Group, LP<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:RBA@luxorcap.com\">RBA@luxorcap.com<\/a><\/p>\n<p>\nMark Harnett &amp; Bruce Goldfarb<br \/>\n<br \/>Okapi Partners LLC<br \/>\n<br \/>(212) 297-0720<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Info@okapipartners.com\">Info@okapipartners.com<\/a><\/p>\n<p>\nMedia\n<\/p>\n<p>\nDan Gagnier &amp; Riyaz Lalani<br \/>\n<br \/>Gagnier Communications<br \/>\n<br \/>(646) 342-8087<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:luxor@gagnierfc.com\">luxor@gagnierfc.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Other Construction &amp; Property Transport Finance Construction &amp; Property Asset Management Other Transport<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Luxor Comments on Preliminary Ritchie Bros Merger Vote Preliminary results show that ~46% of RBA votes cast AGAINST merger with IAA Luxor thanks Ritchie Bros. shareholders for acting as engaged fellow owners NEW YORK&#8211;(BUSINESS WIRE)&#8211; Luxor Capital Group, LP (\u201cLuxor\u201d), as the manager of funds owning 4.7 million shares of Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (\u201cRBA\u201d or the \u201cCompany\u201d), representing approximately 4.2% of the Company\u2019s outstanding shares, today announced that preliminary results, as of the proxy deadline and tabulated by Luxor\u2019s proxy solicitor, show that approximately 43 million shares or 46% of votes cast, voted to defeat the proposed merger with IAA, Inc. (NYSE: IAA) (the \u201cIAA Merger\u201d), in connection with the March 14, 2023 special meeting &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Luxor Comments on Preliminary Ritchie Bros Merger Vote&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-739226","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Luxor Comments on Preliminary Ritchie Bros Merger Vote - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Luxor Comments on Preliminary Ritchie Bros Merger Vote - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Luxor Comments on Preliminary Ritchie Bros Merger Vote Preliminary results show that ~46% of RBA votes cast AGAINST merger with IAA Luxor thanks Ritchie Bros. shareholders for acting as engaged fellow owners NEW YORK&#8211;(BUSINESS WIRE)&#8211; Luxor Capital Group, LP (\u201cLuxor\u201d), as the manager of funds owning 4.7 million shares of Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (\u201cRBA\u201d or the \u201cCompany\u201d), representing approximately 4.2% of the Company\u2019s outstanding shares, today announced that preliminary results, as of the proxy deadline and tabulated by Luxor\u2019s proxy solicitor, show that approximately 43 million shares or 46% of votes cast, voted to defeat the proposed merger with IAA, Inc. (NYSE: IAA) (the \u201cIAA Merger\u201d), in connection with the March 14, 2023 special meeting &hellip; Continue reading &quot;Luxor Comments on Preliminary Ritchie Bros Merger Vote&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-10T17:53:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230310005345r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Luxor Comments on Preliminary Ritchie Bros Merger Vote\",\"datePublished\":\"2023-03-10T17:53:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\\\/\"},\"wordCount\":566,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230310005345r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\\\/\",\"name\":\"Luxor Comments on Preliminary Ritchie Bros Merger Vote - 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Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (\u201cRBA\u201d or the \u201cCompany\u201d), representing approximately 4.2% of the Company\u2019s outstanding shares, today announced that preliminary results, as of the proxy deadline and tabulated by Luxor\u2019s proxy solicitor, show that approximately 43 million shares or 46% of votes cast, voted to defeat the proposed merger with IAA, Inc. (NYSE: IAA) (the \u201cIAA Merger\u201d), in connection with the March 14, 2023 special meeting &hellip; Continue reading \"Luxor Comments on Preliminary Ritchie Bros Merger Vote\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\/","og_site_name":"Market Newsdesk","article_published_time":"2023-03-10T17:53:05+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230310005345r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Luxor Comments on Preliminary Ritchie Bros Merger Vote","datePublished":"2023-03-10T17:53:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\/"},"wordCount":566,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230310005345r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/luxor-comments-on-preliminary-ritchie-bros-merger-vote\/","name":"Luxor Comments on Preliminary Ritchie Bros Merger Vote - 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