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TORONTO (Reuters) -Janus Henderson Investors on Monday became the second investor in Canada's Ritchie Bros Auctioneers to publicly come out against the company's planned acquisition of IAA Inc.
But large investors Eagle Asset Management and Independent Franchise Partners, which own 2.92% and 4.75% respectively of Ritchie Bros, helmed by CEO Ann Fandozzi, according to Refinitiv Eikon data and sources plan to vote for the proposed deal.
"We're broadly positive on it," said Eric Mintz, managing d...
>>> Read more: Investors split over Ritchie Bros' $7 billion bid for Janus joins Luxor IAA
But large investors Eagle Asset Management and Independent Franchise Partners, which own 2.92% and 4.75% respectively of Ritchie Bros, helmed by CEO Ann Fandozzi, according to Refinitiv Eikon data and sources plan to vote for the proposed deal.
"We're broadly positive on it," said Eric Mintz, managing d...
>>> Read more: Investors split over Ritchie Bros' $7 billion bid for Janus joins Luxor IAA