Articles from Mavis Tire Express Services Corp.

Mavis Tire Express Services Corp. (“Mavis” or the “Company”), one of the largest independent tire and service providers in North America, and Icahn Enterprises L.P. (NASDAQ: IEP) (“IEP”) today announced that they have entered into a definitive agreement pursuant to which a subsidiary of Mavis will acquire The Pep Boys-Manny, Moe & Jack Holding Corp. (“Pep Boys”) from Icahn Automotive Group LLC, a subsidiary of IEP, for approximately $700 million in cash, subject to customary purchase price adjustments. IEP will retain the owned real estate previously transferred to IEP from Pep Boys, as well as the AAMCO Transmissions and Precision Tune Auto Care Businesses.

Midas International, LLC (“Midas”), one of the world's largest providers of automotive services, announced today that it has acquired Max Auto Supply Company (“Max Auto” or the “Company”), a premier Midas dealer. Financial terms of the transaction were not disclosed.

Mavis Tire Express Services Corp. (“Mavis”), a leading provider of automotive repair and maintenance services and one of the largest independent tire and service providers in North America, announced today that it has completed the purchase of Midas from TBC Corporation (“TBC”). Financial terms of the transaction are not being disclosed.