Exclusive | Icahn to Sell Auto-Service Chain Pep Boys to Mavis for $700 Million
Icahn Enterprises has agreed to sell the automotive service chain Pep Boys to Mavis Tire in a transaction valued at $700 million.
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The brief
Icahn Enterprises is offloading the Pep Boys auto-service chain to Mavis Tire. The acquisition is intended to facilitate an expansion of the buyer's footprint in the automotive repair industry.
Coverage from the Wall Street Journal, Investing.com, GuruFocus, and Seeking Alpha details the $700 million sale price. Reporting identifies the primary parties involved as Icahn Enterprises and Mavis Tire.
Market observers are tracking the integration of Pep Boys into Mavis Tire's existing operations. Coverage does not yet specify a final 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 4h ago.
Quick answers
Who is purchasing Pep Boys?
Mavis Tire is the acquiring party in this deal.
What is the total value of the acquisition?
The deal is valued at $700 million.
What will happen to Pep Boys?
The chain is being sold to Mavis Tire to expand the firm's presence in the automotive sector.
Coverage (6)
- Automotive aftermarket stocks surge on Pep Boys acquisition Investing.com · 2h ago
- Mavis Tire to Expand Its Presence by Buying Pep Boys WSJ · 16h ago
- Icahn Enterprises to sell Pep Boys to Mavis for $700 million- WSJ Investing.com · 16h ago
- Icahn Enterprises (IEP) to Sell Pep Boys for $700 Million to Mav GuruFocus · 16h ago
- Icahn Enterprises to sell Pep Boys to Mavis in $700M deal: WSJ (IEP:NASDAQ) Seeking Alpha · 16h ago
- Exclusive | Icahn to Sell Auto-Service Chain Pep Boys to Mavis for $700 Million WSJ · 16h ago
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