Wolf Haldenstein Announces Investigation of the Pep Boys – Manny, Moe & Jack

Published on Wednesday, 01 February 2012 13:58 Written by TradersHuddle Staff

NEW YORK-( Business Wire )-

Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP is investigating possible breaches of fiduciary duty by the Board of Directors of The Pep Boys – Manny, Moe & Jack (“Pep Boys” or the “Company”) (NYSE:PBY) arising out of the proposed acquisition of Pep Boys by the Gores Group (“Gores”).

On Monday, January 30, 2012, Pep Boys announced that Gores will acquire Pep Boys pursuant to an all cash offer. Under the terms of the agreement, Pep Boys stockholders will receive cash of $15.00 in exchange for each share of Pep Boys common stock. However, the Company may not have adequately shopped itself before entering into this transaction and, pursuant to this proposed transaction, Gores may be underpaying for Pep Boys, thus unlawfully harming Pep Boys shareholders.

Wolf Haldenstein has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in U.S. federal and state courts. Please visit the Wolf Haldenstein website (http://www.whafh.com) for more information about the firm.

If you own Pep Boys common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Gregory Nespole or Derek Behnke

Wolf Haldenstein Adler Freeman & Herz LLP

270 Madison Avenue

New York, New York 10016

Phone Numbers:

(800) 575-0735

(212) 545-4600

Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

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

Website: http://www.whafh.com

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.

Wolf Haldenstein Adler Freeman & Herz LLPGregory Nespole or Derek Behnke800-575-0735212-545-4600nespole@whafh.comClassmember@whafh.comWebsite: http://www.whafh.com