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Stocks close lower; Carl Icahn wins Pep Boys bidding war; Apple settles Italian tax dispute: Business News Links
2015-12-31 14:36:48| Auto Parts - Topix.net
This file photo from July 31, 2003 shows Pep Boys mascots Manny, Moe, and Jack above a store location in West Philadelphia. Pep Boys today designated Carl Icahn the winner in the takeover duel for the auto services chain, after Bridgestone declined to top the activist investor's $18.50-a-share offer.
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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.
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.
Pep Boys agrees to be bought by Icahn for $1 billion
2015-12-30 16:47:49| Industrial Machines - Topix.net
Pep Boys is being acquired by Carl Icahn for $1 billion following a bidding war with the Japanese tire company Bridgestone.
Icahn raises bid for Pep Boys to $18.50/share
2015-12-29 18:46:01| Auto Parts - Topix.net
Icahn Enterprises L.P. has raised its offer for Pep Boys Manny, Moe & Jack by $2 a share to $18.50, topping Bridgestone Americas Inc.'s last bid by $1.50 and pushing the equity value of Pep Boys past $1 billion. Pep Boys' board of directors has declared the bid a "superior proposal" and notified Bridgestone of its intention to terminate its Dec. 24 agreement with the Nashville, Tenn.-based tire maker.
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