Copart agrees to buy ACV for $10.50 per share in cash
Copart Inc. agreed to acquire ACV for $10.50 per share in cash, implying an equity value of about $1.9 billion. The purchase price represents premiums of about 45% to ACV’s unaffected August 10 closing price.
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09:02:04 PM UTC
SquawkNews
Copart will acquire ACV Auctions for $1.9B, creating a comprehensive digital vehicle remarketing platform. The deal is expected to deliver significant cost and revenue synergies, accelerate growth, and enhance data and AI capabilities, with closing targeted by year-end 2026.Original document: Copar…
Copart Inc. 50 per share in cash. 9 billion and values the deal at a premium of roughly 45% to ACV's unaffected August 10 closing price.