Pep Boys Reports Third Quarter 2015 Results
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Pep Boys (PBY) Determines Icahn Offer as 'Superior Proposal'
December 8, 2015 8:31 AM ESTThe Pep Boys Manny, Moe & Jack (NYSE: PBY) announced that its Board of Directors, after consultation with its independent legal and financial advisors, has determined that the proposal from Icahn Enterprises L.P. to acquire Pep Boys for $15.50 per share in cash (as set forth in the Company's filing with the Securities and Exchange Commission, dated December 7, 2015) would reasonably be expected to result in a "Superior Proposal" as defined in the Company's agreement and plan of merger with Bridgestone Retail Operations, LLC.
This... More
Pep Boys (PBY) Misses Q3 EPS by 4c
December 7, 2015 4:31 PM ESTPep Boys (NYSE: PBY) reported Q3 EPS of $0.02, $0.04 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $508.1 million versus the consensus estimate of $515.1 million.
Comparable sales decreased 1.8%, consisting of a decrease of 2.5% in comparable service revenue and a decrease of 1.6%... More
