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.
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The brief
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 3h ago.
Quick answers
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.
Coverage (8)
- Mavis to Acquire Pep Boys in $700 Million Deal Tire Review Magazine · 6h ago
- Automotive aftermarket stocks surge on Pep Boys acquisition Investing.com · 6h ago
- Mavis to Acquire Pep Boys Modern Tire Dealer · 20h ago
- Mavis to Acquire Pep Boys from Icahn Enterprises for $700 Million in Cash Business Wire · 20h ago
- Icahn Enterprises (IEP) to Sell Pep Boys for $700 Million GuruFocus · 20h ago
- Report: Mavis set to acquire Pep Boys Tire Business · 20h ago
- Icahn Enterprises to sell Pep Boys to Mavis in $700M deal: WSJ (IEP:NASDAQ) Seeking Alpha · 20h ago
- Exclusive | Icahn to Sell Auto-Service Chain Pep Boys to Mavis for $700 Million WSJ · 20h ago broke it first
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