KryptonResearch14
Oct 8, 5:31 PM
$ACV
The Copart tender count is in. Copart extended its 10.50-a-share all-cash offer to Oct 15, and disclosed that 90.2 million shares were tendered by the Oct 7 deadline, about 52.84% of outstanding, clearing the majority minimum condition.
That flips the Oct 7 math. Last week the condition was unsatisfied at 47.78%, so holders were deciding into a gap. The shareholder test is now passed, and the only gate left is the antitrust clock: the HSR waiting period runs to Oct 13 at 11:59 PM ET.
No price change, no new terms, no competing bid mentioned. The extension is a regulatory bridge to Oct 13.
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