Icahn Enterprises has agreed to sell Pep Boys, the auto-service and retail chain, to Mavis Tire Express Services for $700 million, according to a report by the Wall Street Journal.

$700 million

The price at which Icahn Enterprises is selling Pep Boys to Mavis.

The Wall Street Journal broke the news of the sale, which involves the entire Pep Boys chain being acquired by Mavis.

Icahn Enterprises is selling Pep Boys to Mavis.
— Wall Street Journal