Wolf Haldenstein Announces Investigation of the Pep Boys – Manny, Moe & Jack
February 01 2012 - 1:55PM
Business Wire
Attorney Advertising. The law firm of Wolf Haldenstein Adler
Freeman & Herz LLP is investigating possible breaches of
fiduciary duty by the Board of Directors of The Pep Boys – Manny,
Moe & Jack (“Pep Boys” or the “Company”) (NYSE:PBY) arising out
of the proposed acquisition of Pep Boys by the Gores Group
(“Gores”).
On Monday, January 30, 2012, Pep Boys announced that Gores will
acquire Pep Boys pursuant to an all cash offer. Under the terms of
the agreement, Pep Boys stockholders will receive cash of $15.00 in
exchange for each share of Pep Boys common stock. However, the
Company may not have adequately shopped itself before entering into
this transaction and, pursuant to this proposed transaction, Gores
may be underpaying for Pep Boys, thus unlawfully harming Pep Boys
shareholders.
Wolf Haldenstein has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in U.S. federal and state courts. Please visit the
Wolf Haldenstein website (http://www.whafh.com) for more
information about the firm.
If you own Pep Boys common stock and you wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Gregory Nespole or Derek BehnkeWolf Haldenstein Adler Freeman
& Herz LLP270 Madison AvenueNew York, New York 10016Phone
Numbers:(800) 575-0735(212) 545-4600
Email: nespole@whafh.comClassmember@whafh.com
Website: http://www.whafh.com
Attorney Advertising. Prior Results Do Not Guarantee A Similar
Outcome.
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