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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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European Shares Seen Opening Up On US-China Trade Truce
European stocks may open higher on Tuesday as the United States and China agreed to extend their tariff truce for another 90 days.
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41 분 전
European Economic News Preview: UK Unemployment Data Due
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55 분 전
Sensex, Nifty Slightly Higher In Early Trade
Indian shares were slightly higher on Tuesday despite mixed cues from global markets.
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1 시간 44 분 전
Australian Market Trims Early Gains In Mid-market
The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.
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2 시간 31 분 전
Asian Markets Trade Mostly Higher
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3 시간 10 분 전
Sensex, Nifty Set For Muted Open On Mixed Global Cues
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3 시간 41 분 전
Japanese Market Sharply Higher; Up 2%
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4 시간 36 분 전
Indonesia Stock Market May Be Stuck In Neutral On Tuesday
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The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.
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4 시간 44 분 전
