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Luxor Group To Vote Against Proposed IAA Merger At RBA's Upcoming Special Meeting
(RTTNews) - Luxor Group Capital, LP, the manager of funds owning 4.0 mln. shares of Ritchie Bros. Auctioneers Inc. or RBA (RBA, RBA.TO), representing 3.6% of the Company's outstanding shares, announced on Friday that it has issued an open letter with supporting materials to the Company's Board of Directors.
In its letter, Luxor details its serious concerns with the proposed merger between RBA and IAA, Inc. (IAA) and expresses its opposition to the deal.
As such, Luxor announced its intention to vote against the IAA Merger at the Company's yet-to-be scheduled special meeting of shareholders.
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Domino's Pizza Q1 Earnings Beat, Revenues Miss, U.S. Same Store Sales Down; Stock Drops
Domino's Pizza Inc. announced Monday higher earnings in its first quarter, above market estimates, amid revenue growth. Meanwhile, the largest pizza company in the world recorded weak income from operations and U.S. same store sales, and its top line missed the Street view. In pre-market activity on the Nasdaq, Domino's Pizza shares were losing around 2.6 percent.
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4h 14min ago
Bay Street Likely To Open On Mixed Note
The Canadian market is likely to open on a mixed note on Monday with investors mostly making cautious moves, as the nation goes to the polls today.
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4h 21min ago
Pound Rises As European Shares Traded Higher
The British pound strengthened against other major currencies in the European session on Monday amid increased risk appetite, as tariff tensions eased and investors looked ahead to a busy week of earnings, with four of the Magnificent Seven companies— Amazon, Apple, Meta Platforms and Microsoft — due to report their quarterly results.
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5h 0min ago
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Monday.
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5h 26min ago
FTSE Up Marginally In Cautious Trade
The U.K. market is marginally up at noon on Monday with investors making some selective purchases ahead of a slew of corporate earnings announcements and some crucial economic data this week.
Optimism about U.S. and China striking a trade deal sometime soon is also contributing to the positive mood in the market.
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5h 52min ago
CAC 40 Notably Higher; Airbus Rises Nearly 2.5%
French stocks are gaining ground in positive territory on Monday with investors indulging in some brisk buying at several counters ahead of key earnings updates and some crucial economic data from the U.S. and Europe due this week.
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6h 26min ago
Sensex, Nifty Rally On Trade Deal Hopes; RIL Shares Surge Over 5%
Indian shares rose sharply on Monday despite heightened tensions between India and Pakistan, following the recent Pahalgam attack.
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6h 32min ago
DAX Rises Nearly 1% As Investors Await Corporate Earnings Updates
The German market is up firmly in positive territory on Monday as investors pick up stocks ahead of a slew of earnings announcements, and some crucial economic data due this week. Optimism about an improvement in U.S.-China trade relations also appears to be supporting the market.
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6h 58min ago
