Copart Closes $1.8B ACV Auctions Buyout; ACV to Delist From NYSE

summarizeSummary

Copart completed its $10.50-per-share, roughly $1.8 billion all-cash acquisition of ACV Auctions after 68.43% of shares were tendered, and ACV has moved to delist from the NYSE and deregister.

check_boxKey Events · M&A and Partnerships · ACVA

• Copart Completes $10.50/Share Buyout

  The merger closed October 16, 2026 under DGCL Section 251(h) without a stockholder vote; each share converted into the right to receive $10.50 in cash.

• 68.43% of Shares Tendered

  By the October 15 expiration, 116,818,409 shares were validly tendered and not withdrawn, clearing the majority condition together with Parent and Merger Sub holdings.

• ~$1.8B Cash Consideration Paid

  Aggregate consideration for control was approximately $1,801,021,081, funded from Copart's cash on hand; the deal carried no financing condition.

• NYSE Delisting and Deregistration

  ACV requested a trading suspension and Form 25 delisting, and intends to file Form 15 to terminate registration and suspend reporting obligations.

auto_awesomeAnalysis · ACVA · Trade & Services

The $10.50-per-share all-cash deal is now done: 68.43% of shares were tendered by the October 15 expiration, and the merger closed October 16 under Delaware's short-form statute without a shareholder vote. Copart paid roughly $1.8 billion from cash on hand, so no financing risk remains in the story. For holders, what remains is mechanical: shares convert into $10.50 in cash, NYSE trading is being suspended, and ACV will deregister. The equity is now effectively a fixed-price cash claim, not a growth story — the only residual variables are appraisal-rights claims from dissenting holders and the timing of the delisting and Form 15 filing.