Lloyd's of London boss warns UK's financial reputation is dented.
Ancora Group Holdings, a key shareholder in U.S. auto retailer IAA, has accumulated a 0.5% stake in Canada's Ritchie Bros Auctioneers and is publicly challenging investors who oppose their planned merger, according to documents seen by Reuters. Activist investor Ancora, which has successfully pushed for change at companies including retailer Kohl's and toymaker Hasbro, last month threw its weight behind the tie-up after Ritchie Bros amended the terms. Ritchie Bros recut the deal, valued at nearly $6 billion, to include more cash for IAA shareholders and reduced the dilution for Ritchie Bros shareholders.
Members of the organization spoke Saturday about their roles in honoring US veterans across the Texas Panhandle, as well as the folds of the flag.