MURRAY FRANK LLP Announces Investigation of The Pep Boys – Manny, Moe & Jack

Published on Tuesday, 31 January 2012 18:56 Written by TradersHuddle Staff

NEW YORK-( Business Wire )-

MURRAY FRANK LLP is investigating claims of breach of fiduciary duties by certain members of the board of directors of The Pep Boys – Manny, Moe & Jack (NYSE: PBY) (“Pep Boys” or the “Company”) in relation to the proposed sale of the Company to The Gores Group.

On January 30, 2012, Pep Boys announced that it had entered into a definitive merger agreement pursuant to which the Company will be acquired by the Gores Group in an all-cash transaction under which Pep Boys stockholders will receive $15.00 in exchange for each share of Pep Boys common stock owned, a total value of $1 billion, including debt.

The investigation focuses on whether certain members of Pep Boys’ board of directors breached their fiduciary duties in connection with their efforts to sell Pep Boys to The Gores Group at an inadequate price through an unfair process which significantly undervalues the Company. Specifically, according to Yahoo! Finance, at least one analyst has set a price target for PBY of $17 per share.

If you are a current investor in Pep Boys, who purchased PBY shares before January 30, 2012, and you wish to discuss this investigation or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Bridget V. Hamill at (800) 497-8076 or (212) 682-1818, or by email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it. .

MURRAY FRANK LLPBridget V. This e-mail address is being protected from spambots. You need JavaScript enabled to view it.