Exclusive | Icahn to Sell Auto-Service Chain Pep Boys to Mavis for $700 Million
Icahn Enterprises has reached an agreement to sell its auto-service chain, Pep Boys, to Mavis Tire in a deal valued at $700 million.
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The brief
Icahn Enterprises is offloading the Pep Boys auto-service business. The transaction is set to move ownership of the chain to Mavis Tire for a total price of $700 million.
Coverage from the Wall Street Journal, TradingView, Investing.com, GuruFocus, and Seeking Alpha highlights the acquisition as a move for Mavis Tire to expand its existing market presence. Reports consistently cite the $700 million valuation across financial news outlets.
Future updates will likely confirm the finalization of the sale and the integration process for the two entities. Coverage does not yet specify a closing date or the impact on current store operations.
Synthesized by PULSE from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 2h ago.
Quick answers
Who is the buyer of Pep Boys?
Mavis Tire is the designated purchaser of the auto-service chain.
What is the valuation of the deal?
The sale price for Pep Boys is $700 million.
Who is the seller?
Icahn Enterprises is selling the chain.
Coverage (7)
- Automotive aftermarket stocks surge on Pep Boys acquisition Investing.com · 4h ago
- Icahn Enterprises to sell auto-service chain Pep Boys to Mavis for $700 million, WSJ reports TradingView · 18h 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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