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Icahn to buy Pep Boys for US$1 billion after Bridgestone bows out

2015-12-30 18:25:34| Real Estate - Topix.net

REUTERS: Carl Icahn's Icahn Enterprises LP has agreed to buy Pep Boys-Manny Moe & Jack for about US$1 billion, the companies said on Wednesday, hours after Bridgestone Corp quit the race for the U.S. auto parts retailer. Japanese tire maker Bridgestone said on Tuesday it would not raise its latest cash bid of US$17 per share to counter Icahn's raised offer of US$18.50 per share in cash.

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