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IAA ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF IAA, INC. IS FAIR TO SHAREHOLDERS
November 7, 2022.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of IAA, Inc. (NYSE: IAA) to Ritchie Bros. Auctioneers Incorporated for $10.00 in cash and 0.5804 shares of Ritchie Bros. common stock for each share of IAA common stock that they own is fair to IAA shareholders.
The investigation concerns whether IAA and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for IAA shareholders; (2) determine whether Ritchie Bros. is underpaying for IAA; and (3) disclose all material information necessary for IAA shareholders to adequately assess and value the merger consideration. On behalf of IAA shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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