Shares of Ritchie Bros. Auctioneers Incorporated (RBA) are falling more than 18% Monday morning at $51.06.
Today, the company announced its decision to acquire IAA, Inc. (IAA), a digital marketplace that connects vehicle buyers and sellers, in a cash and stock transaction valued about $7.3 billion, including assumption of $1.0 billion net debt.
As per the deal, IAA stockholders will receive $10 in cash and 0.5804 shares of Ritchie Bros. for each IAA stock they own.
Separately, Ritchie Bros. reported its third quarter results today, with a revenue growth of 25% year-on-year at $411.5 million.
Profit rose to $42.91 million or $0.38 per share from $32.34 million or $0.29 per share in the same quarter a year ago. Excluding one-time items, earnings were $0.53 per share.
RBA has traded in the range of $48.65-$74.08 in the last 1 year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.