Exclusive | Icahn to Sell Auto-Service Chain Pep Boys to Mavis for $700 Million
Mavis is acquiring auto-service chain Pep Boys from Icahn Enterprises in a $700 million cash transaction.
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The brief
Mavis is set to acquire Pep Boys from Icahn Enterprises. The deal is valued at $700 million in cash.
Coverage from the Wall Street Journal, Business Wire, and Investing.com emphasizes the scale of the acquisition and its impact on the market. Reporting indicates that automotive aftermarket stocks surged following the news.
Future developments include Mavis expanding its presence through the integration of the Pep Boys chain.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated just now.
Quick answers
How much is Mavis paying for Pep Boys?
The acquisition is valued at $700 million in cash.
Who is selling the auto-service chain?
Icahn Enterprises is selling Pep Boys.
What was the market reaction to the news?
According to Investing.com, automotive aftermarket stocks surged.
Coverage (10)
- Mavis to Acquire Pep Boys in $700 Million Deal Tire Review Magazine · 3h ago
- Automotive aftermarket stocks surge on Pep Boys acquisition Investing.com · 3h ago
- Mavis to Acquire Pep Boys Modern Tire Dealer · 3h ago
- Report: Mavis set to acquire Pep Boys Tire Business · 3h ago
- Mavis to Acquire Pep Boys from Icahn Enterprises for $700 Million in Cash Business Wire · 3h ago
- Mavis Tire to Expand Its Presence by Buying Pep Boys WSJ · 18h ago
- Icahn Enterprises to sell Pep Boys to Mavis for $700 million- WSJ Investing.com · 18h ago
- Icahn Enterprises (IEP) to Sell Pep Boys for $700 Million to Mav GuruFocus · 18h ago
- Icahn Enterprises to sell Pep Boys to Mavis in $700M deal: WSJ (IEP:NASDAQ) Seeking Alpha · 18h ago
- Exclusive | Icahn to Sell Auto-Service Chain Pep Boys to Mavis for $700 Million WSJ · 18h ago
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