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Bridgestone Boosts Offer for U.S. Auto Service Chain Pep Boys
2015-12-15 17:41:18| Auto Parts - Topix.net
Pep Boys-Manny, Moe & Jack shares were inactive in recent pre-market trade after saying late Friday that Bridgestone Americas have agreed to increase its offer for the company to $15.50 per share from previously $15, raising the total purchase price by $28 million to $863 million. Along with these company-owned stores and Bridgestone's more than 5,000 long-standing dealers and distributors in the United States, the Pep Boys' network represents an immediate expansion for BSRO, and accelerates the global growth strategy of Bridgestone Corporation.
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Category:Automotive