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ACV Auctions agrees to be acquired by Copart for $10.50 a share

ACV Auctions entered a merger agreement with Copart at $10.50 per share.

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12:11:16 PM UTC
SquawkNews
ACV Auctions NYSE:ACVA shares jumped 45% after Copart agreed to buy the digital vehicle auction company for $10.50 per share in cash, valuing its equity at about $1.9 billion.The proposed price is about 45% above ACV Auctions' unaffected Aug. 10 closing price and represents a 41% premium to its 30…

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