Ancora Issues Rebuttal Presentation to Address What Appears to be Luxor Capital’s “Short and Distort” Campaign Against IAA and Ritchie Bros.
February 23 2023 - 7:00AM
Business Wire
Asserts Luxor is Leading a Wolf Pack of
Shareholders That is Disseminating Falsehoods and Half-Truths
Regarding the Combination
Highlights Luxor Recently Amended its Proxy
Statement to Disclose it has Maintained a “Trade Incentive
Agreement” With a Known Short Seller Since December 2022
Shares Five Key Reasons Why Ancora is Voting
FOR the Transformative and
Value-Enhancing Transaction
Ancora Holdings Group, LLC (together with its affiliates,
“Ancora”), which is the beneficial owner of approximately 4% of the
outstanding shares of IAA, Inc. (NYSE: IAA) and 0.5% of the
outstanding shares of Ritchie Bros. Auctioneers Incorporated (NYSE:
RBA) (TSX: RBA), today released a rebuttal presentation that
addresses what appears to be a “short and distort” campaign being
run by Luxor Capital Group, LP.1
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230223005447/en/
DOWNLOAD AND VIEW ANCORA’S REBUTTAL DECK AT
THE LINK ABOVE.
About Ancora
Founded in 2003, Ancora Holdings Group, LLC offers integrated
investment advisory, wealth management and retirement plan services
to individuals and institutions across the United States. The
firm's comprehensive service offering is complemented by a
dedicated team that has the breadth of expertise and operational
structure of a global institution, with the responsiveness and
flexibility of a boutique firm. For more information about Ancora,
please visit https://ancora.net.
Disclaimer
THIS IS NOT A SOLICITATION OF AUTHORITY TO VOTE YOUR PROXY. DO
NOT SEND US YOUR PROXY CARD. ANCORA IS NOT ABLE TO VOTE YOUR PROXY,
NOR DOES THIS COMMUNICATION CONTEMPLATE SUCH AN EVENT.
1 Ancora’s shareholdings are as of the record date for each
company’s special meeting, whereat investors will vote on the
proposed combination.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230223005447/en/
Longacre Square Partners Greg Marose / Charlotte Kiaie,
646-386-0091 ancora@longacresquare.com
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