Copart Announces Extension of Tender Offer to Acquire ACV
Copart extended its all-cash tender offer to acquire ACV Auctions at $10.50 per share to 5:00 p.m. ET on October 7, 2026, from the prior September 30 deadline. As of September 30, approximately 81.27 million shares (47.78% of outstanding) had been tendered; the offer requires a minimum of just over 50% of shares outstanding.
Key figures
- Offering Price
- 10.5
- Shares tendered
- 81269394
- New offer expiration
- 5:00 p.m. ET, October 7, 2026
- Pct outstanding tendered
- 47.78%
- Hsr waiting period expiry
- 11:59 p.m. ET, October 13, 2026
AI analysis
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