With HSR clearance secured, the remaining conditions are largely procedural. The offer is expected to close shortly — monitor for the final tender results and the subsequent short-form merger. No further regulatory hurdles remain.
Price Chart
Executive Summary
ACV Auctions filed Amendment No. 4 to its Schedule 14D-9, confirming that the HSR Act waiting period for Copart's $10.50/share all-cash tender offer expired on October 13, 2026, satisfying a key condition to the offer. The board continues to recommend the offer, and with antitrust clearance now obtained, the deal is on track to close. The filing is purely procedural — no change in recommendation, price, or deal terms.
Key Facts
- HSR Act waiting period expired at 11:59 p.m. ET on October 13, 2026, satisfying the HSR clearance condition.
- Copart's offer is $10.50 per share in cash, all-cash consideration.
- Parent voluntarily withdrew and refiled its HSR notification on September 28, 2026, to allow additional FTC/Antitrust Division review time.
- The board's recommendation remains unchanged — ACV Auctions continues to recommend shareholders tender shares.
- As of the original expiration date (September 30, 2026), ~81.3M shares (47.78%) were tendered; as of the extended deadline (October 7, 2026), ~90.2M shares (52.84%) were tendered, exceeding the minimum condition.
Financial Impact
Deal value ~$2.2B based on ~210M fully diluted shares at $10.50/share (approximate). No change in offer price or terms.
Risk Factors
- Shareholder lawsuits alleging disclosure deficiencies in the Schedule 14D-9 are pending and could delay or alter terms.
- Any material adverse change or failure to satisfy remaining closing conditions could still derail the deal.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 14D-9/A Filing (Primary) | 0001193125-26-421067 |
| Document: 0001193125-26-421067-index-headers.html | 0001193125-26-421067 |
| Document: 0001193125-26-421067-index.html | 0001193125-26-421067 |
| Document: 0001193125-26-421067.txt | 0001193125-26-421067 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 8-K | $10.50 | awaiting T+20 | — | — |
Oct 16, 2026 10d ago | SC 14D-9/A | $10.50 | awaiting T+20 | — | — |
Oct 16, 2026 10d ago | 25-NSE | $10.50 | awaiting T+20 | — | — |
Oct 16, 2026 10d ago | SC TO-T/A | $10.50 | awaiting T+20 | — | — |
Oct 14, 2026 12d ago | SC 14D-9/A | $10.50 | awaiting T+20 | — | — |
Oct 14, 2026 12d ago | SC TO-T/A | $10.50 | awaiting T+20 | — | — |
Oct 8, 2026 18d ago | SC 14D-9/A | $10.44 | awaiting T+20 | — | — |
Oct 8, 2026 18d ago | SC TO-T/A | $10.44 | awaiting T+20 | — | — |
Oct 1, 2026 25d ago | SC 14D-9/A | $10.45 | awaiting T+20 | — | — |
Oct 1, 2026 25d ago | SC TO-T/A | $10.45 | awaiting T+20 | — | — |
US Market Status
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