- Gross Auction Proceeds - CA$39+ million (US$40+ million)
- Amount sold to online bidders - CA$10+ million (25 percent)
- Unique bidders (total) - 3,500+
- Unique online bidders - 1,650+ (48 percent)
- Lots sold - 2,000+
Ritchie Bros. (RBA) stock price target was upped to $39 this morning at Baird.
Ritchie Bros. (RBA) is acquiring the e-commerce site IronPlanet for $758 million, a deal that Oppenheimer analysts say will help expand Ritchie Bros' digital capabilities.
Ritchie Bros. (RBA) agreed late yesterday to buy the e-commerce site IronPlanet, backed by Caterpillar (CAT), for $758 million.
Here are Monday's top research calls, including upgrades for American Eagle, Sony and Valeant, and a downgrade for Best Buy.