Ritchie Bros. Auctioneers Inc. (NYSE: RBA) will acquire used equipment e-commerce site IronPlanet for approximately $758.5 million and has entered a strategic alliance with Caterpillar Inc. (NYSE: CAT). Shares of Ritchie Bros. leaped $6.82 to close at $35.71 while Caterpillar stock slipped 62 cents to close at $82.48.
Ritchie Bros. buys IronPlanet
August 30, 2016 at 18:42 PM EDT