Icahn offers to buy Pep Boys in $863 million deal

#hashtags: #Carl Icahn #Pep Boys #Manny #Moe #Jack

Carl Icahn offered to buy auto parts retailer Pep Boys-Manny, Moe and Jack in a deal valued at about $863 million. The offer of $15.50 per share in cash represents a slight discount to Friday's close of $15.69.