IAA Inc

IAA, Inc. engages in the provision of auction solutions for total loss, damaged and low-value vehicles. Its solutions focus on a diverse set of global customers, providing buyers with rebuild requirements, replacement part inventory and scrap demand. It operates through the following segments: United States and International. The company was founded in 1982 and is headquartered in Westchester, IL.

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Ritchie Bros. Auctioneers

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 sent a letter to IAA's Board of Directors indicating its intention to vote against the proposed revised transaction with Ritchie Bros. Auctioneers (NASDAQ: RBA).

Long-term IAA Inc Shareholder Discerene Group Sends Letter to IAA Board of Directors Regarding Proposed Value-destroying Merger With Ritchie Bros. Auctioneers

Copart

The totaled auto auction industry is a lucrative market with many tailwinds. 80% of the market is split between Copart and IAA, making it a Duopoly.

Who Is The King Of Junk? Copart Vs. IAA

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA) today announced preliminary, unaudited financial results for the fourth quarter and full year fiscal 2022, which ended January 1, 2023. For the year ended on January 1, 2023, the Company expects the following: Gross Transaction Value (“GTV”)1 of approximately $8.3 Billion Consolidated Revenue of approximately $2.

IAA, Inc. Announces Preliminary Fourth Quarter and Full Year 2022 Financial Results

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that IAA Loan Payoff exceeded $3 billion in total loss transactions in 2022. This exponential growth follows the tool's 2021 record of $1.2 billion in loans and leases processed, bringing the grand total in transactions since its launch to $5 billion.

IAA Loan Payoff® Exceeds $3 Billion in Total Loss Transactions in 2022

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or we”), which is the beneficial owner of approximately 4% of the outstanding shares of IAA, Inc. (NYSE: IAA) and 0.5% of the outstanding shares of Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA), today released a presentation that details its rationale for supporting the proposed IAA-Ritchie Bros.

Ancora Issues Presentation Detailing Its Rationale for Supporting the IAA-Ritchie Bros. Combination

WESTCHESTER, Ill.--( BUSINESS WIRE )--IAA, Inc. (NYSE: IAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it intends to release its financial results for the fourth quarter and full year fiscal 2022 after market close on Tuesday, February 21, 2023.

IAA, Inc. Announces Fourth Quarter and Full Year 2022 Earnings Date

IAA (IAA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

IAA (IAA) Moves 5.9% Higher: Will This Strength Last?

Amended Agreement Unanimously Approved by the Ritchie Bros. and IAA Boards Following Engagement with a Cross-Section of Shareholders New Investor Presentation Released Highlighting the Pending Merger's Significant Potential Value Creation Opportunities, Which Includes an Estimated Total of $350 Million to $900 Million in EBITDA Growth Opportunities Proposed Transaction Now Supported by Ancora, a Top Shareholder of IAA, and Starboard Value, Which Has Agreed to Make a Sizable Investment in Ritchie Bros.

Ritchie Bros. and IAA Announce Amended Merger Agreement That Enhances Value for Ritchie Bros.

Ritchie Bros. Auctioneers Inc. RBA, +0.82% RBA, +0.12% and IAA Inc. IAA, +1.78% have agreed to revise the terms of their merger, with the overall value of Ritchie Bros.

Ritchie Bros., IAA agree to revised buyout terms, which lowers per-share value of bid by 5.3%

The investment and Mr. Smith's appointment are contingent on Ritchie Bros.

Ritchie Bros. Sweetens Deal for IAA, With Starboard's Jeff Smith Set to Join Board

NEW ORLEANS--( BUSINESS WIRE )--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of IAA, Inc. (NYSE: IAA) to Ritchie Bros. Auctioneers Incorporated (NYSE: RBA). Under the terms of the proposed transaction, shareholders of IAA will receive only $10.00 in cash and 0.5804 shares of Ritchie for each share of IAA that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

IAA INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of IAA, Inc. - IAA

WESTCHESTER, Ill.--( BUSINESS WIRE )--IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces a strategic market alliance with Jumla Automotive Trading in the country of Qatar. Jumla will operate an IAA Auction Center in the city of Doha, helping local buyers in the region to research, bid, buy and transport vehicles from IAA auctions. As a new alliance, Jumla will leverage IAA's state-of-the-art AuctionNow™ bidding platform to operate its auctions, increasing reach for sellers by integrating its inventory with IAAI.com.

IAA Announces New Market Alliance in Qatar

NEW ORLEANS , Jan. 11, 2023 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

IAA INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of IAA, Inc. - IAA

VANCOUVER, BC, and WESTCHESTER, Ill. , Dec. 20, 2022 /PRNewswire/ - Ritchie Bros.

Ritchie Bros. and IAA Announce Receipt of Regulatory Clearances for Proposed Merger

Multi-billion-dollar investment manager Luxor Capital Group, LP has issued an open letter expressing serious concerns about the proposed merger between Ritchie Bros Auctioneers Incorporated and IAA, Inc.   Luxor Capital, which owns about 3.6% of Ritchie Bros' outstanding common shares, said it intends to vote against the merger at the company's yet-to-be scheduled special meeting of shareholders. In its letter, Luxor wrote that Ritchie Bros risks the permanent destruction of billions of dollars in shareholder value, as evidenced by the 18% drop in the company's closing share price following the announcement of the merger on November 7, 2022.

Ritchie Bros Auctioneers deal to buy IAA bad for shareholders, says Luxor Group Capital

WESTCHESTER, Ill.--( BUSINESS WIRE )--IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the launch of undercarriage photo services within its Inspection Services® platform. This enhanced service, developed in collaboration with a variety of insurance customers, helps to greatly improve estimate accuracy by providing visibility into the condition of major components, such as the drivetrain, suspension, transmission, engine and more. Available for automobiles, light trucks and SUVs, this is also a critical enhancement for the inspection of electric vehicles (EVs), to better understand the condition of the battery or inspect for possible damages.

IAA Expands Inspection Services Platform with Undercarriage Images

WESTCHESTER, Ill.--( BUSINESS WIRE )--IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the opening of new branches in Minnesota and Maryland. IAA Minneapolis South (MN) is the second branch in Minnesota and provides significant inventory storage and updated facilities to serve the growing needs of the Twin Cities area. IAA Elkton (MD), the state's fifth branch, supports growing demand in Baltimore and northern Maryland. Both locations offer state-of-the-art facilities that will support increased customer capacity needs.

IAA Announces New Branches in Minnesota and Maryland

Wilmington, Delaware--(Newsfile Corp. - November 21, 2022) - Rigrodsky Law, P.A. is investigating IAA, Inc. ("IAA") (NYSE: IAA) regarding possible breaches of fiduciary duties and other violations of law related to IAA's agreement to be acquired by Ritchie Bros. Auctioneers Incorporated ("Ritchie Bros"). Under the terms of the agreement, IAA's shareholders will receive $10.00 in cash and 0.5804 shares of Ritchie Bros common stock for each share of IAA common stock.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating IAA, Inc. Buyout

WESTCHESTER, Ill.--( BUSINESS WIRE )--DDI Technology (“DDI”) a leading electronic lien and title technology (ELT) firm and a subsidiary of IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the expansion of its electronic salvage processing products and services into Massachusetts. This expansion marks the seventh state to offer DDI Technology's Premier EVR™ services.

DDI Technology Expands into Massachusetts

CLEVELAND--( BUSINESS WIRE )--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or we”), which is the beneficial owner of approximately 4% of the outstanding shares of IAA, Inc. (NYSE: IAA) (“IAA” or the “Company”), today released the below letter to the Company's Board of Directors (the “Board”) regarding the proposed sale to Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) ("Ritchie Bros.”).

Ancora Sends Letter to IAA's Board of Directors Regarding the Poorly Structured Proposed Sale to Ritchie Bros.

NEW YORK , Nov. 7, 2022 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by IAA, Inc. (NYSE: IAA) and its board of directors concerning the proposed acquisition of the company by Ritchie Bros. Auctioneers Incorporated (NYSE: RBA).

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of IAA, Inc.

Velodyne Lidar

NEW YORK , Nov. 7, 2022 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders: IAA, Inc. (NYSE: IAA)'s  sale to Ritchie Bros. Auctioneers Incorporated for $10.00 per share in cash and 0.5804 shares of Ritchie Bros.

SHAREHOLDER ALERT: Halper Sadeh LLC Investigates IAA and VLDR

IAA (NYSE: IAA ) stock is climbing higher on Monday thanks to a massive acquisition deal with Ritchie Bros Auctioneers (NYSE: RBA ). Ritchie Bros have agreed to acquire IAA in a deal worth $7.3 billion, which includes its assumption of $1 billion of debt.

IAA Stock Moves as Ritchie Bros Acquires Company in $7.3 Billion Deal

MILWAUKEE , Nov. 7, 2022 /PRNewswire/ -- Ademi LLP is investigating IAA (NYSE: IAA) for possible breaches of fiduciary duty and other violations of law in its transaction with Ritchie Bros.  Click here to learn how to join the action https://www.ademilaw.com/case/iaa-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether IAA, Inc. has obtained a Fair Price in its transaction with Ritchie Bros.

Ritchie Bros Auctioneers (RBA) announced it is buying IAA (IAA) for $7.3 billion. These are the details.

News for IAA Inc Stock (IAA)