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ACV Auctions jumps after Copart agrees $1.9B cash buy

ACV Auctions shares surged after Copart agreed to buy the company for about $1.9 billion in cash, paying $10.50 per share.

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ACV Auctions Inc. 9 billion in cash. 50 per share, a deal that represents about a 45% premium to ACV's unaffected closing price before the announcement.