The Zhitong Finance App learned that on Friday, ACV Auctions (ACVA.US) surged nearly 45% at the beginning of the session, to a new high during the year, and is now at $10.42. According to the news, Coppert (CPRT.US), the largest accident car auction platform in the US, agreed to buy ACV Auctions with an all-cash method of $10.50 per share, with a total transaction value of about 1.9 billion US dollars, a 45% premium over ACV's closing price the day before. The two boards of directors have unanimously approved the deal, which is expected to be completed by the end of 2026. Conditions for completing the deal include acceptance of the offer for most ACV tradable shares and the end of the US antitrust review waiting period.

The Zhitong Finance App learned that on Friday, ACV Auctions (ACVA.US) surged nearly 45% at the beginning of the session, to a new high during the year, and is now at $10.42. According to the news, Coppert (CPRT.US), the largest accident car auction platform in the US, agreed to buy ACV Auctions with an all-cash method of $10.50 per share, with a total transaction value of about 1.9 billion US dollars, a 45% premium over ACV's closing price the day before. The two boards of directors have unanimously approved the deal, which is expected to be completed by the end of 2026. Conditions for completing the deal include acceptance of the offer for most ACV tradable shares and the end of the US antitrust review waiting period.