Goodby Manny, Moe and Jack

Goodby Manny, Moe and Jack. 

Long-time Philadelphia institution Pep Boys  has been sold  to Gores Group, a private equity firm, it was announced today, Jan. 30.

The price for the auto parts giant was $15 per share, a 24 percent premium over Friday’s closing price. The enterprise value of the transaction is $1 billion.

Hat tip, Tom C.

Goodby Manny, Moe and Jack


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