Mergers & Acquisitions ·
Icahn Enterprises L.P. through its subsidiary Icahn Automotive Group LLC, entered into a definitive agreement to sell…
IEPIcahn Enterprises L.P.
Icahn Enterprises L.P. through its subsidiary Icahn Automotive Group LLC, entered into a definitive agreement to sell Pep Boys to Mavis Tire Express Services Corp. for a base purchase price of $700.0 million in cash, subject to adjustments. Icahn Enterprises will retain the owned real estate and the AAMCO Transmissions and Precision Tune Auto Care businesses. The transaction is expected to close in the coming months, subject to customary closing conditions. Icahn Enterprises L.P. is a diversified holding company operating in the automotive, energy, and real estate segments.