Copart extends $10.50 per‑share tender offer for ACV Auctions to October 15, 2026
Copart Inc. announced that its subsidiary Apple Merger Sub has pushed back the deadline of its all‑cash tender offer for ACV Auctions to 5:00 p.m. Eastern Time on October 15, 2026. The extension gives extra time for the Hart‑Scott‑Rodino antitrust waiting period, which ends at 11:59 p.m. Eastern Time on October 13, 2026. As of October 7, about 90.2 million ACV shares, representing roughly 52.84 % of the outstanding stock, have been validly tendered, surpassing the required 50 % threshold.
Why it matters
The extension keeps the deal alive while regulators review the transaction; if the HSR waiting period concludes without early termination, the offer can close on October 15. Investors in Copart and ACV will see the outcome depend on antitrust clearance and the final tender‑share count.
Key facts
- 1The tender offer price is $10.50 per share in cash, net of taxes. marketscreener.com
- 2The new expiration time is 5:00 p.m. Eastern Time on October 15, 2026. marketscreener.com
- 3The HSR Act waiting period is set to end at 11:59 p.m. Eastern Time on October 13, 2026. marketscreener.com
- 4Approximately 90,199,271 shares have been tendered as of 5:00 p.m. ET on October 7, 2026. marketscreener.com
- 5The tendered shares represent about 52.84 % of ACV’s outstanding common stock. marketscreener.com
- 6The minimum condition requires tendered shares plus those held by the purchaser and affiliates to exceed 50 % of the outstanding shares at offer expiration. marketscreener.com
Summary written by AlphAI from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.