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Icahn sweetens bid for Pep Boys to more than $1-billion
2015-12-29 00:19:51| Industrial Machines - Topix.net
Billionaire investor Carl Icahn raised his offer for Pep Boys to $18.50 a share in cash, or more than $1-billion, escalating a bidding war with Bridgestone Corp. for the car-parts chain. In announcing the proposal, Icahn Enterprises said it would be willing to pay an even higher price, so long as Pep Boys doesn't increase the termination fee in its deal with Bridgestone.
Pep Boys Moves Up Again On Bidding War
2015-12-23 05:37:16| Auto Parts - Topix.net
Pep Boys' investors are already looking at 2015 stock gains of over 60%, with perhaps a little more holiday cheer waiting in the wings as a bidding war between Bridgestone and Carl Icahn's Icahn Enterprises has continued. Over this past weekend, Carl Icahn raised the stakes by offering $16.50 per share in cash for the auto service and retail company.
Icahn Raise Offer for Pep Boys; Staples, Office Depot Merger in Limbo
2015-12-21 22:36:44| Auto Parts - Topix.net
Icahn Enterprises lifted its offer for The Pep Boy to $16.50 a share. Ingersoll-Rand intends to sell its remaining stake in Hussmann for $400 million.
Icahn boosts offer to buy Pep Boys
2015-12-21 17:07:13| Industrial Machines - Topix.net
" Pep Boys is calling a revised offer from billionaire Carl Icahn a superior bid, just days after the auto parts seller accepted a sweetened deal from tire company Bridgestone. Icahn Enterprises offered $16.50 for each share of Pep Boys on Friday, in a deal worth about $893 million.
Carl Icahn raises offer for Pep Boys, tops Bridgestone's offer
2015-12-21 16:31:39| Real Estate - Topix.net
Manny Moe & Jack, a U.S. auto parts retailer, said billionaire investor Carl Icahn had raised his offer to buy the company, topping Bridgestone Corp's offer of $15.50 per share. Pep Boys said its board had determined that Icahn Enterprises LP's offer of $16.50 per share in cash was superior to that of Bridgestone Corp's latest offer.
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