Copart Buys ACV in $1.9 Billion Auto‑remarketing Deal

Copart buys ACV in $1.9 billion auto‑remarketing deal

Copart, the online car auction platform, has agreed to acquire ACV for $10.50 per share in cash, valuing the digital wholesale marketplace at about $1.9 billion. The deal gives Copart an immediate position in the dealer‑to‑dealer auction channel and expands its footprint across the vehicle remarketing lifecycle, from trade‑ins and wholesale resale to salvage and international markets.

Copart Launches Tender Offer for ACV Auctions Shares, Sets Sept. 30 Expiration

Copart, Inc. (NASDAQ: CPRT) has launched its tender offer for all outstanding shares of ACV Auctions Inc. (NYSE: ACVA) at $10.50 per share in cash, moving forward with the approximately $1.9 billion acquisition the companies announced Sept. 10. The offer, commenced Sept. 17 through Apple Merger Sub, Inc., a wholly owned Copart subsidiary, is scheduled …

Copart Announces Commencement of Tender Offer to Acquire ACV

DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) (“Copart”), a global leader in online vehicle auctions, today announced that Apple Merger Sub, Inc. (“Purchaser”), a wholly owned subsidiary of Copart, has commenced a 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. (“ACV”) (NYSE: ACVA), for $10.50 per Share, net to the seller in cash, without in…