Profit from PBY's Busted Deal
A withdrawn purchase offer sent Pep Boys (PBY) reeling by almost 20% on Wednesday. The stock closed at $8.89, near the bottom of its 52-week range of $8.18 to $15.46.
PBY had traded right near the proposed $15 takeover price from late January right through May 1 when it was disclosed that the deal might not complete as scheduled....246 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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