Copart launches $10.50-a-share cash tender offer for ACV
Copart ($CPRT) launched its cash tender offer for all outstanding ACV ($ACVA) Auctions shares at $10.50 each, advancing the previously announced merger agreement. ACV’s board recommended that shareholders accept the offer. The new event is the start of the formal shareholder tender process, not a second acquisition agreement or confirmation that Copart has already taken control. Completion requires sufficient shares to be tendered to satisfy a majority threshold, alongside the applicable antitru
0