Copart clears HSR waiting period in its ACV Auctions tender offer

The Hart-Scott-Rodino waiting period on Copart's pending acquisition of ACV Auctions expired at 11:59 p.m. ET on October 13. Copart launched a cash tender offer for ACV on September 17 through a wholly owned subsidiary. With U.S. antitrust review cleared, the tender offer can move toward completion.

Why it matters: Clearing antitrust review removes a major hurdle for the vehicle-auction giant's move into ACV's digital dealer-to-dealer marketplace.