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
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 &
270 Madison Avenue
New York, New York 10016
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.