Luxor Responds to Letter From Ritchie Bros. Co-Founder and Former President & COO to Stop IAA Merger
Summary
“ Luxor was gratified to read an unequivocal message from the individuals who created and built Ritchie Bros. that the IAA Merger must be stopped. Mr. Ritchie and Mr. Cmolik, writing as stewards of Ritchie Bros., have highlighted several aspects of the irreversible damage that the IAA Merger will cause the Company, including the real prospect of customer loss, the damage to the corporate culture, and a distraction for management from growing its core business. If you are holding your shares through a broker or financial institution, you must contact them and request that they submit a letter on your behalf demanding that your proxy be revoked from the meeting. If you require assistance in revoking your proxy, please call Okapi Partners toll free at 1-877-629-6356 or Shorecrest Group at 1-888-637-5789. Luxor Capital Group, LP is a multi-billion-dollar investment manager, which was founded in 2002 and is based in New York.
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