Holzer Holzer & Fistel, LLC Announces Investigation Into Proposed Buyout Of Pep Boys Manny Moe and Jack

Holzer Holzer & Fistel, LLC announced that it is investigating whether the directors of Pep Boys Manny Moe and Jack complied with their fiduciary duties in approving the proposed acquisition of the Company by The Gores Group. According to the Company’s announcement, if the deal closes Pep Boys shareholders will receive $15 for each share of PBY owned. The investigation seeks to determine, among other things, whether the consideration to be paid to Pep Boys shareholders is fair and adequate.