Copart Commences Tender Offer for ACV Auctions Shares

08:53 AM EDT, 09/17/2026 (MT Newswires) -- Copart (CPRT) said Thursday that its wholly owned subsidiary, Apple Merger Sub, has commenced a tender offer to purchase all outstanding shares of ACV Auctions (ACVA) for $10.50 per share in cash. The offer is in line with the terms of a merger agreement announced Sept. 10, the company said. The offer and associated withdrawal rights will expire on Oct. 1 unless extended or earlier terminated, the company said.