Icahn Buys Into Pep Boys, Seeks Retail Sale to His Auto Plus

Updated on
  • Billionaire's representatives have held talks with Pep Boys
  • Auto Plus is IEP-held company consolidating parts suppliers

Billionaire activist investor Carl Icahn.

Photographer: Victor J. Blue/Bloomberg

Billionaire activist investor Carl Icahn disclosed a new 12.1 percent stake in The Pep Boys - Manny Moe & Jack and said the auto parts and maintenance chain’s retail business should be acquired by Auto Plus -- a competitor he controls.

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