Pep Boys Ends Merger Agreement with The Gores Group
PHILADELPHIA – Pep Boys announced that it has agreed to terminate the proposed merger between Pep Boys and The Gores Group. As settlement for any and all potential claims that Pep Boys could assert under the terms of the merger agreement, previously announced on Jan. 30, 2012, The Gores Group has agreed to pay Pep
Castrol Gives Away 2012 Triumph Motorcycle At Local Pep Boys
Philadelphia native Fred Diehl hits the jackpot and wins a Triumph Bonneville T100.
Pep Boys Ends Merger Agreement With The Gores Group
Pep Boys will receive $50 million payment from The Gores Group.
Pep Boys Partners With DST eCommerce On Integrated Commercial Ordering Solution
PHILADELPHIA – Pep Boys has selected Distribution Service Technologies Inc. (DST) as its exclusive partner to provide online order placement service for its Pep Express eCommerce customers using www.pepexpress.com. Pep Express, the commercial division of Pep Boys, aims to provide fast delivery of parts, tires, tools, shop equipment and additional merchandise to businesses across the
Pep Boys Enters Into Definitive Agreement To Be Acquired by The Gores Group
PHILADELPHIA – Pep Boys has entered into a definitive merger agreement under which it will be acquired by The Gores Group, one of the nation’s leading investment firms, led by founder and CEO Alec Gores. Total enterprise value of the transaction is approximately $1 billion. The purchase would take publicly traded Pep Boys private.
Pep Boys Enters Into Definitive Agreement To Be Acquired By The Gores Group
Pep Boys’ Board of Directors has unanimously approved the merger agreement and recommends that Pep Boys’ shareholders approve the transaction.
Pep Boys Appoints Hotz Chairman of the Board
PHILADELPHIA — Pep Boys today announced that independent director Robert Hotz was appointed chairman of the board of directors. Hotz, who has been a Pep Boys board member since 2005 and serves on its compensation and audit committees, is senior managing director, co-head of investment banking, a member of the operating committee and co-chairman of
Pep Boys Reports Second-Quarter 2011 Results
PHILADELPHIA — Pep Boys has announced results for the second quarter (13 weeks) and first half (26 weeks), ended July 30. Sales for the 13 weeks ended July 30 increased by $17.7 million, or 3.5 percent, to $522.6 million from $504.9 million for the 13 weeks ended July 31, 2010. Comparable sales decreased 2 percent, including
Pep Boys Reports First-Quarter 2011 Results
PHILADELPHIA — Pep Boys has announced results for the first quarter ended April 30. Sales for the first quarter increased by $3.5 million, or 0.7 percent, to $513.5 million from $510 million for the prior year’s first quarter, ended May 1, 2010. Comparable sales decreased 0.6 percent, consisting of a 1.6 percent comparable service revenue increase and
Pep Boys Reports Second-Quarter 2010 Results
PHILADELPHIA — Pep Boys has announced results for the second quarter and first half, ended July 31. Sales for the 13 weeks ended July 31 increased by $15.9 million, or 3.3 percent, to $504.9 million from $488.9 million for the 13 weeks ended Aug. 1, 2009. Net earnings for the second quarter increased to $10.6