Tue, May 19, 7:09 PM
- Pep Boys (NYSE:PBY) has leapt 20% in late trading as Golden Gate and other firms are reported to have approached the auto-parts retailer regarding a takeover, Dow Jones says.
- The after-hours price of $11.10 is the highest point the stock has reached since September.
- Updated: Pep Boys isn't working with an investment bank and isn't negotiating currently, the WSJ reports. It's also not clear the company wants to sell. A 2012 takeover attempt by Gores Group collapsed after Pep Boys logged poor results.
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