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Copart Clears Regulatory Hurdle in $10.50 Per Share Tender Offer for ACV Auctions

BullishMedium impact
CPRT$26.37 −0.42%ACVA$10.47 0.19%

Online vehicle auction provider Copart, Inc. (CPRT) reached a regulatory milestone in its proposed acquisition of ACV Auctions Inc. (ACVA). The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act officially expired at 11:59 p.m. Eastern Time on October 13, 2026, satisfying a key regulatory condition for the deal.

Copart is seeking to purchase all outstanding common shares of ACV Auctions through an all-cash tender offer valued at $10.50 per share, which was initially launched on September 17, 2026. Passing federal antitrust review removes a major regulatory barrier, bringing the transaction closer to completion.

The transaction still hinges on additional closing requirements, including a minimum condition requiring more than 50% of ACV's outstanding shares to be validly tendered. Investors are eyeing the tender offer deadline, which is set for 5:00 p.m. Eastern Time on October 15, 2026.

Key points

  • The Hart-Scott-Rodino Act waiting period for Copart's acquisition of ACV Auctions expired on October 13, 2026.
  • Copart is offering $10.50 per share in cash for all outstanding common stock of ACV Auctions.
  • The tender offer is currently scheduled to expire at 5:00 p.m. Eastern Time on October 15, 2026.
  • Final completion requires over 50% of outstanding ACV shares to be validly tendered.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What is Copart offering to pay for ACV Auctions stock?

Copart is offering $10.50 per share in cash for all issued and outstanding common shares of ACV Auctions.

When does the tender offer for ACV Auctions expire?

The tender offer is scheduled to expire at 5:00 p.m. Eastern Time on October 15, 2026, subject to remaining closing conditions.

Did Copart receive regulatory clearance to acquire ACV Auctions?

Yes, the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired on October 13, 2026, satisfying a major regulatory condition.