Mavis Tire to acquire auto service firm Pep Boys for $700 million in cash

News
M&A

The deal would expand Mavis’ network to more than 4,400 service centers in the US and Canada

Mavis Tire Express Services Corp. has agreed to buy Pep Boys from Icahn Enterprises LP for about $700 million in cash, expanding its network to more than 4,400 service centers in the US and Canada.

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