Pep Boys Spokesperson Responds to Unusual Options Trading, Says No Updates to Report

Pep Boys PBY spokesperson Mike Melia, commenting on the unusual options activity in the company's stock, says there are no updates to report on the acquisition by Gores Group. 15,027 June 9 put contracts traded Wednesday on Pep Boys and overall put volume was at 1,523% of average. Melia told Benzinga the shareholder vote on the acquisition by Gores is still slated for May 30, with the closing to take place 5 days after approval.