Icahn Enterprises offers to buy Pep Boys in $834 million deal

December 7, 2015 6:49 PM

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Icahn Enterprises offers to buy Pep Boys in $834 million deal

Carl Icahn's Icahn Enterprises LP (IEP.O) offered to buy auto parts company Pep Boys – Manny, Moe & Jack (PBY.N) in a deal valued at about $834 million.

The offer of $15.50 per share in cash represents a slight discount to Friday's close of $15.69. (1.usa.gov/1QruIwD)

Also read: Hochtief Launches $22 Billion Bid for Spain’s Abertis

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