Mavis Tire to Acquire Pep Boys in $700 Million Deal
Mavis Tire has agreed to acquire Pep Boys, a well-known auto-service chain with nearly 800 locations across the U.S., for $700 million. The acquisition will expand Mavis' network of service centers beyond 4,400 in the U.S. and Canada.
Tickers: $IEP
Topics: automotive mergers and acquisitions retail expansion