Copart extends $10.50‑per‑share tender offer for ACV Auctions to Oct. 7
Copart Inc. announced that its all‑cash tender offer to acquire ACV Auctions at $10.50 per share has been prolonged until 5 p.m. Eastern Time on October 7, 2026. The extension follows a withdrawal and re‑filing of the Hart‑Scott‑Rodino pre‑merger notification on September 28, 2026 to give antitrust regulators more review time. As of September 30, 2026, about 81.27 million ACV shares – roughly 47.78% of the outstanding stock – had been tendered, still short of the 50% threshold required for the transaction to close.
Why it matters
The deal will not close until more than half of ACV’s shares are tendered and the antitrust waiting period ends, so investors in both companies face uncertainty about the completion of the acquisition. The extension gives shareholders additional time to decide, but the transaction value of roughly $1.9 billion remains contingent on regulatory approval.
Key facts
- 1The tender offer price is $10.50 per ACV share, payable in cash without interest. tradingview.com
- 2The new expiration time is 5 p.m. Eastern Time on October 7, 2026. investing.com
- 3Copart withdrew and re‑filed its Hart‑Scott‑Rodino pre‑merger notification on September 28, 2026. investing.com
- 4The Hart‑Scott‑Rodino waiting period is set to end at 11:59 p.m. Eastern Time on October 13, 2026, though regulators could end it earlier. citybiz.co
- 5Approximately 81,269,394 ACV shares, representing about 47.78% of outstanding shares, had been validly tendered as of September 30, 2026. investing.com
- 6The acquisition values ACV at roughly $1.9 billion. tradingview.com
Summary written by AlphAI from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.