Copart (CPRT) Misses Q1 EPS by 1c; Appoints New CEO

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Go back to Copart (CPRT) Misses Q1 EPS by 1c; Appoints New CEO

Copart (CPRT) Plans 7.3M Common Stock 'Dutch Auction' Tender

November 23, 2015 5:10 PM EST

Copart (NASDAQ: CPRT) announced that it expects to commence a modified Dutch Auction tender offer to purchase up to 7,317,073 shares of its common stock at a price per share not less than $38.00 and not greater than $41.00. The tender offer is expected to commence on November 24, 2015, and to expire on December 23, 2015, unless extended. The number of shares proposed to be purchased in the tender offer represents approximately 6.1% of Coparts currently outstanding common stock. Assuming 7,317,073 shares are repurchased at the maximum price of $41.00 per share in the tender offer, the Company will repurchase a total... More