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Is the billionaire who bought Pep Boys moving them from Philly?
2016-01-19 19:15:27| Auto Parts - Topix.net
PHILADELPHIA - Now that billionaire investor Carl Icahn has acquired Pep Boys, which has its corporate headquarters in North Philadelphia, the city is asking a favor from the new owner: Keep the operation in the city. According to philly.com , the 79-year-old Icahn recently won a $1 billion bidding war for the 95-year-old car parts company, beating out Japan's Bridgetone Corp. in the process.
NRF Publication, STORES Magazine, Recognizes Pep Boys and Credera for Ecommerce Excellence
2016-01-13 14:09:41| Auto Parts - Topix.net
Manny, Moe & Jack , the nation's leading automotive aftermarket service and retail chain, together with Credera, a management and technology consulting firm, was recently recognized by STORES Magazine for developing and implementing an outstanding ecommerce strategy. Utilizing the Broadleaf Commerce open source ecommerce platform and a service-first approach, Pep Boys has dramatically increased online revenue while providing customers with a seamless omni-channel experience.
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Icahn's Pep Boys offer expires Feb. 2
2016-01-12 15:16:34| Auto Parts - Topix.net
Icahn Enterprises L.P.'s $18.50 per-share tender offer for Pep Boys - Manny, Moe & Jack's outstanding shares will expire at midnight Feb. 2. Upon successful closing of the tender offer, Icahn said, shareholders of Pep Boys will receive $18.50 in cash for each share of Pep Boys common stock validly tendered and not validly withdrawn in the offer, without interest and less any applicable withholding tax. Icahn Enterprises, operated by acquisition stalwart Carl Icahn, is carrying out the acqusition through IEP Parts Acquisition L.L.C., a wholly owned subsidiary.
New Jersey Sues Pep Boys for Overcharging
2016-01-11 15:22:02| Auto Parts - Topix.net
Philadelphia-based Pep Boys and Virginia's Advance Auto Parts have been sued for allegedly overcharging customers in the Garden State. The suit comes just days after Pep Boys agreed to be sold to Carl Icahn for approximately $1 billion and comes from the New Jersey Division Consumer Affairs, through its Office of Consumer Protection and its Office of Weights and Measures.
Jim Cramer Advises His Viewers On Lazard And Pep Boys
2016-01-11 00:47:28| Auto Parts - Topix.net
On CNBC's Mad Money , Jim Cramer said that he doesn't like the financial stocks and he would stay away from them, because the economy might be in a position where the Fed might not be able to raise interest rates. He is not a buyer of Lazard Ltd .
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