PHILADELPHIA – Pep Boys has established a record date and a meeting date for the special meeting of its shareholders to consider and vote upon, among other things, the proposal to adopt the previously announced merger agreement, entered into on Jan. 29, between Pep Boys and formed affiliates of The Gores Group LLC, a Los Angeles-based private equity firm.
 
Pep Boys shareholders of record at the close of business on Monday, April 30, will be entitled to receive notice of the special meeting and to vote at the special meeting, which will be held at 10 a.m. on Wednesday, May 30, at the offices of Morgan, Lewis & Bockius LLP in Philadelphia.
 
The merger is expected to be complete during the second fiscal quarter of 2012, subject to customary closing conditions, including receipt of shareholder approval. Following completion of the transaction, Pep Boys will become a privately held company and its stock will no longer trade on the New York Stock Exchange.