Home › Around the Industry: Bridgestone and Pep Boys in Definitive Merger
 

Keywords :   


Around the Industry: Bridgestone and Pep Boys in Definitive Merger

2015-12-01 08:21:32| Auto Parts - Topix.net

Bridgestone Americas, Inc. and Pep Boys announced that Pep Boys and Bridgestone Retail Operations, LLC, a wholly owned subsidiary of Bridgestone, have entered into a definitive merger agreement under which BSRO will acquire Pep Boys in an all-cash transaction for $15.00 per share, or approximately $835 million in aggregate equity value. This represents a premium of 23 percent over Pep Boys' closing price of $12.15 on October 23, 2015, and a premium of 62 percent over Pep Boys' unaffected price of $9.25 on May 19, 2015.

Tags: industry boys definitive merger

Category:Automotive

Latest from this category

All news
»
06.10Atlantic Tropical Weather Outlook
06.10Tropical Storm Milton Graphics
06.10Tropical Storm Milton Public Advisory Number 3A
06.10Summary for Tropical Storm Milton (AT4/AL142024)
06.10Eastern North Pacific Tropical Weather Outlook
06.10Hurricane Leslie Graphics
06.10Hurricane Kirk Graphics
06.10Hurricane Leslie Forecast Discussion Number 15
More »