November 2, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Pep Boys-Manny Moe and Jack (NYSE:PBY), was announced concerning whether the takeover of Pep Boys-Manny Moe and Jack by Bridgestone Americas, Inc for $15.00 per share is unfair to NYSE:PBY stockholders.

The investigation by a law firm concerns whether certain officers and directors of Pep Boys-Manny Moe and Jack breached their fiduciary duties owed to NYSE:PBY investors in connection with the proposed acquisition.

On October 26, 2015, Bridgestone Americas, Inc. and The Pep Boys Manny, Moe & Jack (Pep Boys; NYSE: PBY) announced that Pep Boys-Manny Moe and Jack (NYSE:PBY) and Bridgestone Retail Operations, LLC (BSRO), a wholly owned subsidiary of Bridgestone, have entered into a merger agreement under which BSRO will acquire Pep Boys-Manny Moe and Jack (NYSE:PBY) in an all-cash transaction for $15.00 per share, or approximately $835 million in aggregate equity value.

However, the investigation concerns whether the offer is unfair to NYSE:PBY stockholders. More specifically, the investigation concerns whether the Pep Boys-Manny Moe and Jack Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.