The Pep Boys – Manny, Moe & Jack
Symbol:
PBY
Class Period:
Status:
Investigating
Documents:
Pomerantz is investigating claims on behalf of investors of The Pep Boys – Manny, Moe & Jack (“The Pep Boys” or the “Company”) (NYSE: PBY) (ISIN: US7132781094) concerning the proposed acquisition of The Pep Boys by The Gores Group in a cash transaction valued at approximately $1 billion.
The investigation concerns whether The Pep Boys directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, The Pep Boys shareholders will receive $15.00 for each share of common stock. However, at least one analyst has set a target price of $17.00.
The Pep Boys shareholders seeking more information about this acquisition are advised to contact Gustavo Bruckner, Esq. at gfbruckner [at] pomlaw [dot] com or 212-661-1100 or toll free at 888-476-6529, ext. 302. Shareholders may also contact Rebecca Jarmon at rjarmon [at] pomlaw [dot] com or 212-661-1100 or 888-476-6529, ext. 314.
