Exclusive | Icahn to Sell Auto-Service Chain Pep Boys to Mavis for $700 Million
Icahn Enterprises is divesting its auto-service chain, Pep Boys, in a $700 million acquisition deal with Mavis Tire Express.
Coverage (9)
- Automotive aftermarket stocks surge on Pep Boys acquisition By Investing.com Investing.com South Africa · 46d ago
- Mavis Tire Express reaches agreement to acquire Pep Boys Tire Business · 46d ago
- Mavis Buying Pep Boys From Icahn In $700M Deal Law360 · 46d ago
- Automotive aftermarket stocks surge on Pep Boys acquisition Investing.com · 46d ago
- Mavis Tire to Expand Its Presence by Buying Pep Boys WSJ · 47d ago
- Icahn Enterprises to sell Pep Boys to Mavis for $700 million- WSJ Investing.com · 47d ago
- Icahn Enterprises (IEP) to Sell Pep Boys for $700 Million to Mav GuruFocus · 47d ago
- Icahn Enterprises to sell Pep Boys to Mavis in $700M deal: WSJ (IEP:NASDAQ) Seeking Alpha · 47d ago
- Exclusive | Icahn to Sell Auto-Service Chain Pep Boys to Mavis for $700 Million WSJ · 47d ago
What happened
Mavis Tire Express has entered into a definitive agreement to acquire the automotive service chain Pep Boys from Icahn Enterprises. The transaction is valued at $700 million.
Coverage from The Wall Street Journal, Law360, Tire Business, and Investing.com highlights the scale of the acquisition and its impact on the automotive aftermarket sector. Financial outlets including GuruFocus and Seeking Alpha report on the divestment by Icahn Enterprises.
Market observers are monitoring the broader automotive aftermarket sector, where stocks have experienced a surge following the announcement. Coverage does not yet specify a closing date for the transaction.
Synthesized by headlinez.news from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 44d ago.
Questions people are asking
Who is purchasing Pep Boys?
Mavis Tire Express has reached an agreement to acquire the company.
What is the value of the acquisition?
The deal is valued at $700 million.
Which entity is selling the chain?
Icahn Enterprises is the seller.
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