Icahn Enterprises completes $700M cash sale of Pep Boys to Mavis Tire

ICAHN ENTERPRISES L.P.

Sold Pep Boys to Mavis Tire Supply, LLC for approximately $700 million in cash; completed August 20, 2026.
IEP retains owned real estate plus AAMCO Transmissions and Precision Tune Auto Care businesses.
Mavis adds nearly 800 Pep Boys locations; combined network exceeds 4,400 centers across U.S. and Canada.
Deal subject to customary purchase price adjustments; Pep Boys keeps brand identity under Mavis.

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