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2015-10-27 00:42:25| Auto Parts - Topix.net
PEP BOYS ALERT: Shareholder Rights Law Firm Johnson & Weaver, LLP Launches an Investigation into the Proposed Sale of The Pep Boys; Encourages Investors to Contact the Firm for Additional Information )--Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of The Pep Boys Manny, Moe & Jack breached their fiduciary duties in connection with the proposed sale of the Company to Bridgestone Americas, Inc. On October 26, 2015, Pep Boys announced it had signed a definitive merger agreement with Bridgestone. Under the terms of the agreement, Bridgestone will acquire Pep Boys for $15.00 per share in cash, or total equity purchase price of $835 million.
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Category:Automotive