secwatch.observer — SEC 8-K summary
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Issuer:     COPART INC (CPRT)
CIK:        0000900075
Form:       8-K
Filed at:   2026-10-16T13:59:35+00:00
Accession:  0001193125-26-423478
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Copart completes acquisition of ACV Auctions for $10.50 per share; ACV becomes independent subsidiary
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- Copart completed its cash tender offer for ACV at $10.50 per share; 116,818,409 ACV shares were validly tendered, about 68.43% of outstanding shares.
- Tender offer expired at 5:00 p.m. Eastern on Oct. 15, 2026; merger closed Oct. 16, 2026 under Delaware DGCL Section 251(h), making ACV a wholly owned Copart subsidiary.
- ACV common stock ceased trading on NYSE and ACV will operate as an independent Copart subsidiary led by ACV’s existing leadership team, including CEO George Chamoun.
- Copart CEO Jay Adair said the deal creates an industry-leading remarketing platform spanning dealer trade-ins, wholesale remarketing, salvage disposition, and international scale.
- Evercore advised Copart and J.P. Morgan advised ACV; Wilson Sonsini and Davis Polk served as legal counsel; Joele Frank and FGS Global provided communications support.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/900075/000119312526423478/0001193125-26-423478-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/900075/000119312526423478/d129535d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-423478

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