Adesa, which runs used vehicle (late model and salvage) auto auctions and finances used vehicle inventory in the U.S. and Canada reported fourth quarter earnings results.  As you may recall, Adesa is going private and merging with Insurance Auto Auctions (a leading salvage auction company.)  The special meeting (for everyone who has owned shares in Adesa as of February 12, 2007) is March 28, 2007, and is expected by the company to close in the second quarter.  There have been some investors (like Gabelli & Company) that are making some noise that they should get a higher price (versus the proposed $27.85.)  But I doubt much will come of it.    

As an interesting aside, ...

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Related Companies: AutoNation
CarMax
Hertz (will replace Adesa in index Feb 1, 2007)