Copart Announces Extension of Tender Offer to Acquire ACV
Business Wire•01/10/2026•08:00 ET
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Key Highlights
- ➤$10.50-per-share all-cash tender offer for ACV Auctions (ACVA) extended to October 7, 2026
- ➤81,269,394 shares tendered, representing approximately 47.78% of ACV’s outstanding shares
- ➤HSR waiting period expires October 13, 2026, pending antitrust review
- ➤Offer requires more than 50% of outstanding shares tendered to satisfy Minimum Condition
Copart, Inc. (Nasdaq: CPRT) ("Copart") today announced that its wholly owned subsidiary Apple Merger Sub, Inc. ("Purchaser"), has extended the expiration date of its all-cash tender offer to purchase all of the issued and outstanding shares of common stock, par value $0.001 per share (the "Shares"), of ACV Auctions Inc. (NYSE: ACVA) ("ACV"), at a price of $10.50 per Share, net to the seller in cash, without interest, subject to any applicable withholding taxes.
The tender offer, which was previously scheduled to expire at one minute following 11:59 p.m., Eastern Time, on September 30, 2026, has been extended to 5:00 p.m., Eastern Time, on October 7, 2026.
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