Pep Boys (PBY) Misses Q3 EPS by 4c
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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.
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Carl Icahn Offers to Acquire Pep Boys (PBY) for $15.50/Share
December 7, 2015 1:34 PM ESTCarl Icahn filed an amended 13D on Pep Boys (NYSE: PBY) offering $15.50 per share to acquire the company.
The Pep Boys Manny, Moe &... More