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TORONTO, Jan 30 (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.
Ritchie Bros on Jan. 23 sweetened the cash component of its buyout offer for IAA by 28%, valuing the U.S. auto retailer at $5.94 billion, and also secured the backing of a key IAA shareholder that had questioned the initial offer.
The initial offer in November valued IAA at $7.3 billion, includ...
>>> Read more: Janus joins Luxor in opposing Ritchie Bros bid for IAA
Ritchie Bros on Jan. 23 sweetened the cash component of its buyout offer for IAA by 28%, valuing the U.S. auto retailer at $5.94 billion, and also secured the backing of a key IAA shareholder that had questioned the initial offer.
The initial offer in November valued IAA at $7.3 billion, includ...
>>> Read more: Janus joins Luxor in opposing Ritchie Bros bid for IAA
