NEW YORK, Feb. 2, 2012 /PRNewswire/ -- Bull & Lifshitz,
LLP announces an investigation into possible breaches of fiduciary
duty in connection with the proposed sale of The Pep Boys – Manny,
Moe & Jack (NYSE: PBY) (referred to as "Pep Boys" or the
"Company") to The Gores Group ("The Gores Group"), in a cash
transaction with a total enterprise value of approximately
$1.0 billion.
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Under the terms of the merger agreement, The Gores Group will
acquire all the outstanding common shares of Pep Boys for
$15.00 per share in cash. It is
expected that Mike Odell, Pep Boys'
President & Chief Executive Officer and other members of the
senior management team will continue in their roles with the
Company after the completion of the transaction.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company's
shareholders.
If you are a holder of Pep Boys common stock and want to discuss
your legal rights, you may e-mail or call Bull & Lifshitz, LLP
who will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Pep Boys and would like more
information about our investigation, please contact Peter D. Bull,
Esq. by telephone at (866) 313-6222 or by sending an e-mail
including your contact information to:
counsel@nyclasslaw.com. All e-mail correspondence should make
reference to Pep Boys.
Bull & Lifshitz, LLP is a New York
City-based law firm with significant experience representing
investors in merger-related shareholder class actions, shareholder
derivative actions, and securities fraud class actions. For
more information about the firm, please visit our website at
www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2012 Bull & Lifshitz,
LLP. The law firm responsible for this advertisement is Bull
& Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
Contact:
Peter D. Bull, Esq.
Bull & Lifshitz, LLP
Phone: 212-213-6222
Fax: 212-213-9405
Email: counsel@nyclasslaw.com
SOURCE Bull & Lifshitz, LLP