Movement Alert｜Copart Intraday Rise 5.08% in Regular Trading, ACV Auctions Acquisition Completed

Market Focus10-22

On October 22, Copart rose 5.08% in Regular Trading, trading around $29.015 per share, with turnover of $107 million.

The move followed recent confirmation that Copart completed its acquisition of ACV Auctions at $10.50 per share in cash, after the tender offer and subsequent merger were finalized.

By the October 15 tender deadline, 68.43% of ACV shares had been tendered and accepted for payment, while remaining shares were converted into the right to receive the same cash consideration. ACV has ceased trading on the New York Stock Exchange and will continue operating as a Copart subsidiary under its existing leadership. Earlier, the expiration of the Hart-Scott-Rodino antitrust waiting period removed a key regulatory condition, clearing the way for closing. The transaction is being watched for potential synergy in online vehicle auctions and remarketing.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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