CPRT to Acquire ACV Auctions for $10.50 Cash Per Share via Tender Offer
· The NYC Memo
Copart, Inc. entered a Merger Agreement on September 10, 2026, to acquire ACV Auctions Inc. through a cash tender offer. Copart will offer $10.50 per share for all outstanding ACV common stock, with a subsequent merger making ACV a wholly owned subsidiary. The agreement includes termination fees: ACV would pay Copart $57.7 million, and Copart would pay ACV $115.3 million under specified circumstances.