Exclusive | Icahn to Sell Auto-Service Chain Pep Boys to Mavis for $700 Million
Mavis is set to acquire the auto-service chain Pep Boys from Icahn Enterprises in a $700 million cash transaction.
Coverage (8)
- Mavis to Acquire Pep Boys in $700 Million Deal Tire Review Magazine · 45d ago
- Automotive aftermarket stocks surge on Pep Boys acquisition Investing.com · 45d ago
- Mavis to Acquire Pep Boys Modern Tire Dealer · 46d ago
- Mavis to Acquire Pep Boys from Icahn Enterprises for $700 Million in Cash Business Wire · 46d ago
- Icahn Enterprises (IEP) to Sell Pep Boys for $700 Million GuruFocus · 46d ago
- Report: Mavis set to acquire Pep Boys Tire Business · 46d ago
- Icahn Enterprises to sell Pep Boys to Mavis in $700M deal: WSJ (IEP:NASDAQ) Seeking Alpha · 46d ago
- Exclusive | Icahn to Sell Auto-Service Chain Pep Boys to Mavis for $700 Million WSJ · 46d ago broke it first
What happened
Icahn Enterprises is selling Pep Boys to Mavis for $700 million. The transaction is structured as an all-cash deal.
Coverage from the Wall Street Journal, Business Wire, GuruFocus, Tire Business, and Seeking Alpha emphasizes the scale of the acquisition and the involvement of Icahn Enterprises (IEP). Further updates will depend on the finalization of the $700 million acquisition of the auto-service chain.
Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 45d ago.
Questions people are asking
How much is Mavis paying for Pep Boys?
The acquisition price is $700 million.
What is the payment method for the deal?
According to Business Wire, the acquisition will be made in cash.
Who is selling the auto-service chain?
Pep Boys is being sold by Icahn Enterprises.
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Mavis Tire to acquire iconic auto-service chain in $700M deal
Mavis Tire is expanding its market footprint through a $700 million acquisition of the iconic auto-service chain Pep Boys.