Brief: Luxor Capital Says Ritchie Bros' Debt Raise Confirms Recent Convertible Financing Was Off-Market And Entirely Unnecessary

RB Global

02/03/2023 24:12

March 1 (Reuters) - Ritchie Bros Auctioneers Inc
 RBA.TO :
    * LUXOR CAPITAL: RITCHIE BROS.’S DEBT RAISE CONFIRMS RECENT
CONVERTIBLE FINANCING WAS OFF-MARKET AND ENTIRELY UNNECESSARY
    * LUXOR CAPITAL -  SHAREHOLDERS SHOULD VOTE NO ON VALUE
DESTRUCTIVE IAA MERGER
    * LUXOR CAPITAL -  RITCHIE BROS MANAGEMENT HAS CONTINUED TO
DISPUTE LUXOR'S CHARACTERIZATIONS, VALUE TRANSFER CALCULATIONS
IN CONNECTION WITH FINANCING

Source text for Eikon:  ID:nBw8x8n4ya 
Further company coverage:  RBA.TO 

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