The Fly

IAA downgraded to Market Perform from Outperform at CJS Securities

CJS Securities analyst Robert Labick downgraded IAA (IAA) to Market Perform from Outperform after the company announced that it has agreed to be acquired by Ritchie Bros. (RBA) in a stock and cash transaction valued at approximately $7.3B, including the assumption of $1B of net debt.

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