News

Pep Boys' Icahn To Serve as Special Adviser to Trump

Carl Icahn, the billionaire investor owner who started 2016 by purchasing Pep Boys — Manny, Moe & Jack — has officially joined President-elect Donald Trump's team. Trump has named Icahn a special adviser on issues related to regulatory reform.

News

Coming Soon: Icahn's Merger With Pep Boys

After offering $18.50 per share, Icahn Enterprises LP has purchased more than 38 million shares of Pep Boys — Manny, Moe & Jack, and the merging of the two companies will follow "as soon as practicable."

News

Will the Pep Boys Name Survive?

The acquisition of Pep Boys — Manny, Moe & Jack by Icahn Enterprises LP is expected to be complete by late January or early February. In the meantime, a memo to Pep Boys employees leaves open the question of whether the names of the boys from Philadelphia will last.

Bridgestone ended the bidding war for Pep Boys on Dec. 29, and activist investor Carl Icahn was named the victor in the quest for the Philadelphia-based chain.
News

Icahn: Pep Boys Has 'Enormous Growth Potential'

Happy new year to the shareholders of Pep Boys — Manny, Moe & Jack. The acquisition of the Pep Boys company by billionaire investor Carl Icahn has given every shareholder 23% more cash.

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