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Carl Icahn raises offer for Pep Boys to $18.50 per share

2015-12-29 00:56:24| Auto Parts - Topix.net

Dec 28 Activist investor Carl Icahn raised his offer for U.S. auto parts maker Pep Boys-Manny Moe & Jack , topping Japanese tire maker Bridgestone Corp 's latest bid by $1.50, to value the company at about $1 billion. Icahn Enterprises said it would pay $18.50 for each Pep Boys share, up from his previous offer of $16.50, according to a regulatory filing.

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Category:Automotive

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