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財經新聞

Ritchie Bros completes $7 billion IAA acquisition

UPDATE 1-Ritchie Bros completes $7 billion IAA acquisition Adds background March 20 (Reuters) - Canada's Ritchie Bros Auctioneers Inc RBA.TO said on Monday it had completed the acquisition of U.S. auto retailer IAA Inc IAA.N , weeks after two proxy advisory firms urged shareholders to reject the $7 billion deal. The company, which auctions and sells used heavy industrial equipment, last week saw its shareholders vote in favor of the acquisition despite the pushback from Institutional Shareholder
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Proxy advisor Glass Lewis recommends KT&G investors re-elect company directors

Proxy advisor Glass Lewis recommends KT&G investors re-elect company directors NEW YORK, March 17 (Reuters) - Proxy advisor Glass Lewis on Friday urged investors in Korean tobacco conglomerate KT&G 033780.KS to re-elect the company's directors, recommending against candidates and proposals presented by two activist investment firms. KT&G, previously known as Korea Tobacco & Ginseng and valued at $8.6 billion, is facing pressure from activist investors Flashlight Capital and ANDA Asset Management
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GET Baltic gas exchange to become part of EEX group

GET Baltic gas exchange to become part of EEX group FRANKFURT, March 16 (Reuters) - The European Energy Exchange (EEX) on Thursday said its acquisition of 66% of the shares of smaller sector peer GET Baltic was approved by GET's owner, Amber Grid EMG1L.VL , paving the way for EEX to extend its eastwards reach. Next up, Amber Grid shareholders will vote on transferring the majority stake in the Baltic states and Finland gas bourse to EEX, part of Deutsche Boerse DB1Gn.DE , at their next annual ge
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Proxy advisor ISS recommends KT&G investors back activists director nominees

Proxy advisor ISS recommends KT&G investors back activists director nominees By Svea Herbst-Bayliss NEW YORK, March 16 (Reuters) - Proxy advisor Institutional Shareholder Services (ISS) on Thursday urged investors in Korean tobacco conglomerate KT&G 033780.KS to elect director candidates nominated by two activist investors and support their proposals to return more cash to shareholders.
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ISS revamps voting policy in olive branch to US conservatives

REFILE-ISS revamps voting policy in olive branch to US conservatives Fixes syntax in sixth paragraph to "it will" from "will it" By Ross Kerber March 16 (Reuters) - Top proxy adviser Institutional Shareholder Services on Thursday said it would expand its offering of conservative-leaning counsel, aiming to mend fences with Republican lawmakers who have targeted the firm over its positions on environmental, social and governance (ESG) matters.
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