ICAHN ENTERPRISES L.P. (IEP): Entry into a Material Definitive Agreement
ICAHN ENTERPRISES L.P. (IEP) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. false 0000813762 0000813762 2026-07-19 2026-07-19 iso4217:USD xbrli:shares iso4217:USD xbrli:shares UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Repor
How this was made
The 30-second read
Why it matters
Traders can update deal-risk assumptions using the stated $700.0 million base purchase price, adjustment mechanics, expected closing timing, and the $21.0 million reverse termination fee tied to certain buyer-side failures or repudiation.
Market read
A definitive M&A agreement with explicit price, timing, and termination-fee terms is a concrete catalyst for IEP deal-risk repricing.
What to watch
Reverse termination fee ($21.0 million) and excluded Pep Boys entities could materially change effective value and should be modeled alongside closing-condition risk.
Background
The 8-K reports Icahn Enterprises’ entry into a material definitive stock purchase agreement for its Pep Boys subsidiary, including company and buyer guaranties.
Ticker impact
Icahn Enterprises entered a stock purchase agreement to sell Pep Boys for a $700.0 million base price, with a $21.0 million reverse termination fee.
Near-term volatility possible as traders price deal certainty and any financing or regulatory hurdles; direction depends on perceived closing probability.
The filing discloses a material definitive agreement, purchase price, expected closing window, and a defined reverse termination fee, which are direct inputs to deal-risk models.
Market effects
Could affect sentiment toward automotive aftermarket operators and real-estate-heavy service retailers via deal-risk read-through.
Limited, primarily US-focused deal dynamics.
Low, transaction is domestic and not tied to global macro variables in the filing.
Counterpoint
The agreement’s economics may be less important than the probability-weighted closing outcome; without details on regulatory approvals or financing, price may not trend strongly.
Key entities
- issuerIcahn Enterprises L.P.
Parent company filing the 8-K, which guarantees seller obligations under the Pep Boys stock purchase agreement.
- buyerMavis Tire Supply, LLC
Buyer under the stock purchase agreement to acquire all issued and outstanding Pep Boys capital stock.
- targetThe Pep Boys-Manny, Moe & Jack Holding Corp.
Wholly-owned subsidiary of Icahn Automotive being sold in the transaction.
- sellerIcahn Automotive Group LLC
Wholly-owned subsidiary of Icahn Enterprises that enters the purchase agreement to sell Pep Boys.
- buyer guarantorMetis HoldCo, Inc.
Guarantor of buyer obligations under the purchase agreement.
