Icahn Enterprises completed the acquisition of Pep Boys for $1.03bn.

Icahn Enterprises, a diversified holding company, completed the acquisition of Pep Boys, an American automotive aftermarket service chain, for $1.03bn. "This was a terrific opportunity to leverage the financial resources and industry knowledge of Icahn Enterprises to the benefit of Pep Boys' customers, manufacturer partners and employees and further bolster our US automotive footprint. Since our acquisition of Auto Plus, our wholly-owned automotive aftermarket company, in June, we have been actively looking for an excellent synergistic acquisition opportunity like Pep Boys, which has enormous growth potential, strong brand recognition, and well-known, best-in-class customer service," Carl C. Icahn, Icahn Enterprises Chairman.