RB Global, Inc. announced on May 27, 2025, that the U.S. Federal Trade Commission granted early termination of the Hart-Scott-Rodino (HSR) waiting period on May 22, 2025. This relates to the pending acquisition of J.M. Wood Auction Co., Inc. by Ritchie Bros. Auctioneers (America), Inc.
The early termination of the HSR waiting period satisfies one of the crucial conditions required for the closing of the acquisition. This regulatory clearance is a significant step forward in the transaction process.
The acquisition is now expected to be completed in the second or early third quarter of 2025, subject to other customary closing conditions. This progress supports RB Global's strategic initiative to expand its presence in the commercial asset sector.
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