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Nov 7 (Reuters) - Canadian equipment marketplace Ritchie Bros Auctioneers Inc (RBA.TO) said on Monday it would buy U.S.-based IAA Inc (IAA.N) in a cash-and-stock deal valued at about $7.3 billion including debt. The deal for IAA, which trades in damaged vehicles, will help Ritchie Bros expand its scope and footprint across the United States, Canada and Europe. Ritchie Bros currently specializes in online auctions for used equipments for construction to drilling and mining. Under the terms of the deal, IAA stockholders will get $10 in cash and 0.5804 shares of Ritchie Bros common stock for each IAA share held, the companies said. Ritchie Bros stockholders will own about 59% of the combined company once the deal closes.
Nov 7 (Reuters) - Canadian equipment marketplace Ritchie Bros Auctioneers Inc (RBA.TO) said on Monday it would buy U.S.-based IAA Inc (IAA.N) in a deal valued at about $7.3 billion to diversify into the salvage vehicle market. Both the companies have benefited from rising demand for used equipment. The global used equipment market is highly fragmented with total annual used equipment volumes estimated at over $300 billion. IAA stockholders will get $10 in cash and 0.5804 shares of Ritchie common stock for each IAA share held, the companies said. The purchase price of $46.88 per IAA share represents a premium of about 19% to IAA's stock close on Nov. 4.
A sale of more than 1,600 items belonging to beloved actress Betty White brought in more than $4 million over the weekend, surpassing auctioneers’ expectations. Julien’s Auctions, the Beverly Hills, Calif.-based auction house that organized the estate sale, anticipated it would garner between $400,000 to $600,000, based on conservative estimates. But some items—including Ms. White’s “The Golden Girls” director’s chair and some of her signed teleplays from the hit NBC sitcom—went for tens of thousands of dollars more than their original estimates.
(video) Meniul folosit pentru ultimul prânz servit pe Titanic a fost vândut cu 88.000 de dolariUn meniu folosit în timpul ultimului prânz oficial care a fost servit pe Titanic, în urmă cu peste un secol, a fost vândut cu 88.000 de dolari la o licitaţie organizată pe internet, informează MediafaxDocumentul, care a fost recuperat din apele reci ale Atlanticului de Nord de un pasager de la clasa I, a fost vândut miercuri, unui colecţionar privat. Preţul de vânzare s-a înscris în marja estimată de specialişti, au declarat reprezentanţii casei Auctioneers Lion Heart Autographs, organizatoarea licitaţiei. În lume mai există doar alte două sau trei meniuri folosite în timpul ultimului prânz oficial servit pe Titanic. Abraham Salomon a fost unul dintre pasagerii de pe Titanic care au fost salvaţi din acel naufragiu şi s-au aflat la bordul „Lifeboat No. Meniul vândut miercuri a fost pus în vânzare de o persoană care a primit documentul de la un descendent al unuia dintre supravieţuitorii aflaţi pe „Lifeboat No.
Persons: Abraham Lincoln Salomon, Isaac Gerald Frauenthal, Salomon, Abraham Salomon, Transatlanticul Titanic, Titanicul, Veronica Organizations: Mediafax, White Star, White Star Line Locations: Atlanticului, Nord, şuncă, New York, Oceanului Atlantic, Southampton, Marea, Statele Unite, Titanicul, Belfast
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