Bull & Lifshitz, LLP Announces Investigation of The Pep Boys - Manny, Moe & Jack

Published on Thursday, 02 February 2012 10:49 Written by TradersHuddle Staff

NEW YORK, Feb. 2, 2012 /PRNewswire/ -- Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of The Pep Boys – Manny, Moe & Jack (NYSE: PBY) (referred to as "Pep Boys" or the "Company") to The Gores Group ("The Gores Group"), in a cash transaction with a total enterprise value of approximately $1.0 billion.

(Logo:  http://photos.prnewswire.com/prnh/20120119/MM38805LOGO )

Under the terms of the merger agreement, The Gores Group will acquire all the outstanding common shares of Pep Boys for $15.00 per share in cash.  It is expected that Mike Odell, Pep Boys' President & Chief Executive Officer and other members of the senior management team will continue in their roles with the Company after the completion of the transaction.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company's shareholders.

If you are a holder of Pep Boys common stock and want to discuss your legal rights, you may This e-mail address is being protected from spambots. You need JavaScript enabled to view it. or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.  

If you are a shareholder of Pep Boys and would like more information about our investigation, please contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: This e-mail address is being protected from spambots. You need JavaScript enabled to view it. .  All e-mail correspondence should make reference to Pep Boys.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions.  For more information about the firm, please visit our website at www.nyclasslaw.com.

ATTORNEY ADVERTISING. © 2012 Bull & Lifshitz, LLP.  The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:

Peter D. Bull, Esq.

Bull & Lifshitz, LLP

Phone:  212-213-6222

Fax:  212-213-9405

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

SOURCE Bull & Lifshitz, LLP