Bridgestone to acquire Pep Boys in $835 million dealStaff writer ▼ | October 26, 2015
Bridgestone Retail Operations will acquire The Pep Boys – Manny, Moe & Jack in an all-cash transaction for $15 per share, or approximately $835 million in aggregate equity value.
Acquisition $15 per Pep Boys share
Pep Boys, headquartered in Philadelphia, has been one of the nation's leading automotive aftermarket chains since 1921.
With more than 7,500 service bays in more than 800 locations in 35 states and Puerto Rico, Pep Boys offers tires, maintenance and repair and parts and accessories. ■