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Ancora advisors3/17/2023 Leveraging leading-edge technology and focusing on innovation, IAA’s unique platform facilitates the marketing and sale of total-loss, damaged and low-value vehicles. (NYSE: IAA) is a leading global digital marketplace connecting vehicle buyers and sellers. Morgan Securities LLC is acting as financial advisor and Latham & Watkins LLP and O'Melveny & Myers LLP are acting as legal advisors to IAA. The Company looks forward to continuing a constructive dialogue with Ancora and the Board will continue to take actions that are in the best interests of the Company and all of its shareholders." Our Board regularly evaluates our business and strategy, welcomes open communications with shareholders and is receptive to input that furthers the Company’s goal of enhancing value for our shareholders. IAA has built a differentiated platform with digital capabilities and strong customer relationships, and we are focused on driving growth and expanding our long-term profitability in a dynamic market environment. "The IAA Board of Directors and management team are committed to enhancing value for our shareholders. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, today issued the following statement regarding the letter it received from Ancora Advisors ("Ancora"): WESTCHESTER, Ill., March 15, 2022-( BUSINESS WIRE)-IAA, Inc.
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