While pressing for change at Apple, AIG and other big companies, Icahn bought all of Philadelphia-based Pep Boys, the auto repair chain … Icahn Enterprises will just plow its share of any sale proceeds into more asset …
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The announcement follows pressure from activist investor Mario Gabelli for Pep Boys to consider a sale or other transaction that could boost the stock price. Gabelli’s Gamco is Pep Boys’ largest investor with a 12.7% stake, according to Morningstar.
The board of directors for Pep Boys — Manny, Moe & Jack says it will consider a possible sale, merger or other business transaction while conducting a review of "strategic alternatives to enhance shareholder value." The announcement comes less than a …
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Pep Boys and Carl Icahn’s investment group, Icahn Enterprises, announced Wednesday (Dec. 30) that they had entered into a definitive merger agreement. Despite heavy pressure and repeated bids from Tokyo-based Bridgestone Retail Operations, which …
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PHILADELPHIA (AP) — The auto parts seller Pep Boys may be putting itself up for sale. CEO Mike Odell resigned in September and earlier this month the company agreed to nominate three board members recommended by its biggest stockholder in order …
Pep Boys said late Tuesday that it had agreed to end its proposed $1 billion sale to the Gores Group, after the private equity firm raised concerns about the company’s deteriorating financial health. Under the terms of the agreement, Gores will pay Pep …
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