Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of The Pep Boys Manny, Moe & Jack (NYSE: PBY) breached their fiduciary duties in connection with the proposed sale of the Company to Bridgestone Americas, Inc.

Additional Information:

Pep Boys engages in the automotive aftermarket service and retail business in the United States and Puerto Rico.

On October 26, 2015, Pep Boys announced it had signed a definitive merger agreement with Bridgestone. Under the terms of the agreement, Bridgestone will acquire Pep Boys for $15.00 per share in cash, or total equity purchase price of $835 million.

The investigation concerns whether the Pep Boys board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Pep Boys’ shares of common stock.

If you are a shareholder of Pep Boys and believe the proposed buyout price is too low or you’re interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If emailing, please include a phone number where you can be reached.

About Johnson & Weaver, LLP:

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.