{"id":864155,"date":"2023-02-15T18:00:55","date_gmt":"2023-02-15T17:00:55","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/long-term-iaa-inc-shareholder-discerene-group-sends-letter-to-iaa-board-of-directors-regarding-proposed-value-destroying-merger-with-ritchie-bros-auctioneers\/"},"modified":"2023-02-15T18:00:55","modified_gmt":"2023-02-15T17:00:55","slug":"long-term-iaa-inc-shareholder-discerene-group-sends-letter-to-iaa-board-of-directors-regarding-proposed-value-destroying-merger-with-ritchie-bros-auctioneers","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/long-term-iaa-inc-shareholder-discerene-group-sends-letter-to-iaa-board-of-directors-regarding-proposed-value-destroying-merger-with-ritchie-bros-auctioneers\/","title":{"rendered":"Long-term IAA Inc Shareholder Discerene Group Sends Letter to IAA Board of Directors Regarding Proposed Value-destroying Merger With Ritchie Bros. Auctioneers"},"content":{"rendered":"Proposed Transaction is Based on Flawed Sale Process and Weak Strategic Rationale; Revised Offer is Even Worse for IAA Shareholders\n\n\nIndependent IAA Has Significant Upside Potential\n\n\nDiscerene Intends to Vote Against Proposed Sale\n\nSTAMFORD, 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\u2019s Board of Directors indicating its intention to vote against the proposed revised transaction with Ritchie Bros. Auctioneers (NASDAQ: RBA).\n\n\nDiscerene believes that:\n\nRBA\u2019s revised offer announced on January 23, 2023 remains wholly inadequate and is worse for IAA shareholders than its prev<div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\"><a href=\"https:\/\/bebeez.it\/abbonati\/\">Abbonati<\/a> o <a href=\"https:\/\/bebeez.it\/mio-account\/\">Accedi<\/a> per leggere il resto di questo contenuto.<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Proposed Transaction is Based on Flawed Sale Process and Weak Strategic Rationale; Revised Offer is Even Worse for IAA Shareholders Independent IAA Has Significant Upside Potential Discerene Intends to Vote Against Proposed Sale STAMFORD, Conn.&#8211;(BUSINESS WIRE)&#8211;Discerene Group LP, whose affiliates and investment vehicles managed beneficially own approximately 3.6% of the outstanding shares of IAA, Inc. [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49625],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-864155","post","type-post","status-publish","format-standard","hentry","category-private-capital-in-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Long-term IAA Inc Shareholder Discerene Group Sends Letter to IAA Board of Directors Regarding Proposed Value-destroying Merger With Ritchie Bros. 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