Pep Boys Buys Memphis Dealers
Pep Boys has acquired Mathis Tire & Auto Service and Direct Tire Distributors in Memphis, Tenn., making the company the third-largest automotive service chain in the city.
Pep Boys Purchases Just Brakes
Pep Boys has increased its retail footprint with the purchase of the privately held Just Brakes automotive repair and maintenance chain.
Pep Boys, Meineke Launch New Tire Program
On April 1, Pep Express, the commercial division of The Pep Boys, and Meineke Car Care Centers announced the launch of the Meineke TreadSmart Tire Program, an all-new Meineke Dealer Association (MDA) authorized tire program. Developed with input from the MDA, this initiative is designed to increase franchisee engagement and competency in the tire business
Auto Plus and Pep Boys Names New CEO, Executive Team
Brent Windom has been named president and CEO of Auto Plus and Pep Boys. Icahn Enterprises L.P. successfully completed the acquisition of The Pep Boys – Manny, Moe & Jack on Feb. 4, 2016, and acquired Auto Plus, a major U.S.-based distributor of automotive aftermarket parts, in June 2015. Windom, a more than 30-year veteran of
Deal Done: Icahn Gets Keys to Pep Boys
Icahn Enterprises closed its $1.03 billion acquisition of Pep Boys, paying $18.50 per share in the all-cash deal. As a result of the completion of the merger, the common stock of Pep Boys will no longer be listed for trading on the New York Stock Exchange or any other exchange. Billionaire Carl Icahn, chairman of
Icahn to Acquire Pep Boys
Carl Icahn’s Icahn Enterprises L.P. has entered into an agreement to acquire The Pep Boys – Manny, Moe & Jack for$18.50 per share, or approximately $1.03 billion. The merger agreement has been unanimously approved by the board of directors of both companies. “This was a terrific opportunity to leverage the financial resources and industry knowledge of Icahn Enterprises
Icahn’s Latest Offer Ends Bridgestone Pursuit of Pep Boys
With a simple one sentence statement issued late on Dec. 29, Bridgestone Americas put to an end the ping pong match it found itself in with so-called shareholder activist Carl Icahn over control of struggling auto part, service and tire retailer Pep Boys. “Bridgestone Americas Inc. today announced that Bridgestone Retail Operations, a wholly owned
Bridgestone, Pep Boys Reach New Agreement for Now
Bridgestone Americas has come back with an increased offer for The Pep Boys- Manny, Moe & Jack acquisition on Dec. 24. Following an increased offer by Carl Icahn’s Icahn Enterprises, Bridgestone agreed to pay $17 a share for Pep Boys in the eleventh hour. This increase in bid from $15.50 to $17 a share adds
Ichan Takes Second Shot at Pep Boys Offer
For the second time in two weeks, Carl Icahn’s Icahn Enterprises has made a bid to acquire Pep Boys. The investment company submitted a proposal to purchase Pep Boys for $16.50 a share on Dec. 18. Once again, the Pep Boys board of directors has found the Icahn proposal to be a “Superior Proposal” as
Pep Boys Board Favors Icahn Offer, Notifies Bridgestone
The Pep Boys – Manny, Moe & Jack board of directors, together with a team of lawyers, have determined that Icahn Enterprises offer to purchase the company for $15.50 a share is indeed a “Superior Proposal” as defined in the company’s merger agreement with Bridgestone Retail Operations. The board notified Bridgestone on Dec. 8 of