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Pep Boys (PBY) fell 12.5% in AH trading after announcing its planned sale to P-E firm Gores...

Pep Boys (PBY) fell 12.5% in AH trading after announcing its planned sale to P-E firm Gores Group has been called off. The press release offered little by way of explanation, though Gores hinted earlier this month it was souring on the deal after a "serious deterioration" in PBY's business. Gores will pay Pep Boys a $50M breakup fee.
Comments (2)
  • peter lynch would be amazed... this was one of his favorite and most profitable.
    30 May 2012, 05:54 AM Reply Like
  • Considering Autozone and O'Reilly revenue and EPS growth, how can Pep Boys follow of trend of EPS loss and revenue of -2% YoY since the year 2000? Something is wrong in the company. If the store idea is correct (assuming from the above examples it is) then this would be a good acquisition given that executives are replaced and the management is overhauled. Otherwise, let it die.
    30 May 2012, 09:27 AM Reply Like
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