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Ritchie Bros. shareholders approve acquisition of IAA Inc. at special meeting

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Several Ritchie Bros. shareholders had expressed concerns about the deal and had made it clear they planned to vote against it.

People walk through a row of boom lifts during the Ritchie Bros. auction in Nisku, Alta., on Tuesday, April 26, 2016. Shareholders of Ritchie Bros. Auctioneers Inc. voted on the proposed acquisition of IAA Inc. Tuesday, March 14.Ritchie Bros. Auctioneers Inc. says its shareholders approved the company’s deal to buy U.S. automotive salvage company IAA Inc. at a meeting Tuesday that caps months of criticism since the acquisition was announced in November.

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