A lawsuit was filed for shareholders in shares of Pep Boys-Manny Moe and Jack (NYSE:PBY) in connection with the proposed takeover was announced and NYSE:PBY stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 12/16/2015 --A shareholder shares of Pep Boys-Manny Moe and Jack filed a lawsuit in effort to halt the proposed takeover of Pep Boys-Manny Moe and Jack.

Investors who purchased shares of Pep Boys-Manny Moe and Jack (NYSE:PBY) and currently hold any of those NYSE:PBY shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:PBY stockholders by agreeing to sell Pep Boys-Manny Moe and Jack too cheaply via an unfair process to Bridgestone Americas, Inc.

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 plaintiff claims that the proposed consideration NYSE: PBY shareholders will receive is grossly inadequate and undervalues The Pep Boys – Manny, Moe & Jack. In addition, the plaintiff claims that the process is also unfair to NYSE: PBY investors.

Those who are current investors in Pep Boys-Manny Moe and Jack (NYSE:PBY) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com