Form 10-Q PEP BOYS MANNY MOE & For: Oct 31

Go back to Form 10-Q PEP BOYS MANNY MOE & For: Oct 31

Pep Boys (PBY) Board Determines that Icahn's $15.50/Cash Bid is 'Superior Proposal'

December 9, 2015 8:31 AM EST

The Pep Boys Manny, Moe & Jack (NYSE: PBY), the nation's leading automotive aftermarket service and retail chain, today announced that, on December 8, 2015, its Board of Directors, after consultation with its independent legal and financial advisors, determined that the proposal from Icahn Enterprises L.P. to acquire Pep Boys for $15.50 per share in cash constitutes a "Superior Proposal" as defined in the Company's agreement and plan of merger with... More