BOSTON, Jan. 30, 2012
/PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a
Boston-based law firm representing
investors nationwide, has commenced an investigation into possible
breaches of fiduciary duties by the Board of Directors of The Pep
Boys – Manny, Moe & Jack ("Pep Boys" or the "Company")
(Ticker: PBY) with regards to the proposed acquisition of the
Company by an investor group called The Gore Group. The
transaction is for $15.00 per share,
or a paltry 24% premium over the Company's latest closing
price.
Block & Leviton's investigation seeks to determine, among
other things, whether Pep Boy's Directors breached their fiduciary
duties by failing to maximize shareholder value in the proposed
transaction. Pep Boy's share price had traded as high as
$14.70 earlier this year.
If you are a Pep Boys shareholder and have questions about your
legal rights, please contact Mark Alan
Delaney of Block & Leviton at (617) 398-5650 or email
him at Mark@blockesq.com.
Block & Leviton is a Boston-based law firm representing investors
for violations of securities laws. The firm's lawyers have
collectively been prosecuting securities cases on behalf of
investors for over 50 years.
This notice may constitute attorney advertising.
Contact: BLOCK & LEVITON LLP
Mark Alan Delaney, Esq.
Mark@blockesq.com
(617) 389-5650
SOURCE Block & Leviton LLP