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Pep Boys Agrees to be Bought by Icahn for $1 Billion as Bridgestone Drops Out of Bidding War

2015-12-30 21:49:38| Auto Parts - Topix.net

Pep Boys will be acquired by Carl Icahn for $1 billion, ending a weeks-long bidding war with the Japanese tire company Bridgestone. Icahn Enterprises offered $18.50 in cash for each share of Pep Boys on Tuesday, $1.50 more per share than the most recent offer from Bridgestone.

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