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Luxor Group To Vote Against Proposed IAA Merger At RBA's Upcoming Special Meeting
(RTTNews) - Luxor Group Capital, LP, the manager of funds owning 4.0 mln. shares of Ritchie Bros. Auctioneers Inc. or RBA (RBA, RBA.TO), representing 3.6% of the Company's outstanding shares, announced on Friday that it has issued an open letter with supporting materials to the Company's Board of Directors.
In its letter, Luxor details its serious concerns with the proposed merger between RBA and IAA, Inc. (IAA) and expresses its opposition to the deal.
As such, Luxor announced its intention to vote against the IAA Merger at the Company's yet-to-be scheduled special meeting of shareholders.
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Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in mid-market moves on Wednesday, reversing the gains in the previous two sessions, with the benchmark S&P/ASX 200 falling well below the 8,850 level, despite the broadly positive cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in mining and technology stocks.
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hace 35 minutos
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, boosted by Hong Kong and Japanese markets amid improved outlook for interest rates after US consumer price inflation for July came in line with expectations. The U.S. and China also confirmed a 90-day extension of their trade truce. Asian markets closed mixed on Tuesday.
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hace 46 minutos
Sensex, Nifty Set For Positive Open As Retail Inflation Hits 8-year Low
Indian shares look set to open on a positive note Wednesday after official data showed India's consumer price inflation eased more-than-expected in July to the lowest level in just over eight years amid a continued fall in food prices.
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hace 1h 21min
Rebound Anticipated For Thai Stock Market
Ahead of the long holiday weekend for Queen Sirikit's birthday, the Thai stock market had ended the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just beneath the 1,260-point plateau although it's expected to bounce higher again on Wednesday.
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hace 1h 53min
Japanese Market Sharply Higher
The Japanese stock market is sharply higher on Wednesday, extending the gains in the previous six sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving a tad above the 43,300 level to fresh record all-time highs, with gains across all sectors led by exporters and financial stocks.
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hace 2h 12min
Indonesia Bourse May Test Resistance At 7,800 Points
The Indonesia stock market has tracked higher in three straight sessions, improving more than 300 points or 4 percent along the way. The Jakarta Composite Index now sits just above the 7,790-point plateau and it may at least open higher again on Wednesday.
RTTNews
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hace 2h 23min
Additional Support Called For Hong Kong Stock Market
The Hong Kong stock market has moved higher in back-to-back sessions, gathering more than 110 points or 0.4 percent along the way. The Hang Seng Index now rests just beneath the 24,970-point plateau and it's expected to open to the upside again on Wednesday.
RTTNews
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hace 2h 38min
Australian Market Modestly Lower
Australian shares are trading modestly lower on Wednesday after opening in the green, reversing the gains in the previous two sessions, with the benchmark S&P/ASX 200 staying well below the 8,900 level, despite the broadly positive cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in mining and technology stocks.
RTTNews
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hace 2h 41min
