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Pep Boys - Manny, Moe & Jack Message Board

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  • shorthighcoverlower shorthighcoverlower Jan 22, 2009 5:52 PM Flag

    Ths GuY Is Dangerous

    DANIN: You are correct--PBY shareholders would receive $160 million in stock, but AAP would also have to assume the debt (partially offset by PBY's cash) of about $300 million , so in essence they have to pay $460 million ( $160 million shares + $300 million worth of AAP stock)