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Icahn Tops Bridgestone With $15.50-a-Share Bid for Pep Boys
2015-12-07 23:17:32| Auto Parts - Topix.net
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Pep Boys - Manny Moe & Jack shares are indicating that the bidding war for the automotive-parts retailer and mechanics chain may just be beginning.
The Wall Street Journal: Icahn makes higher bid for Pep Boys
2015-12-07 23:17:31| Auto Parts - Topix.net
Icahn Enterprises on Monday offered to buy Pep Boys - Manny Moe & Jack for $15.50 a share in cash, casting doubt on Bridgestone Corp.'s previously announced purchase of the car-parts and repair company. reached a deal in October to be acquired by Japanese tire company Bridgestone for $15 a share, or about $835 million.
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Icahn Declares a 12% Stake in Pep Boys, Plots Takeover by Auto Plus
2015-12-06 21:55:41| Auto Parts - Topix.net
Billionaire activist investor Carl Icahn disclosed a new 12.1 percent stake in The Pep Boys - Manny Moe & Jack and said the auto parts and maintenance chain's retail business should be acquired by Auto Plus - a competitor he controls. Icahn believes Pep Boys' "retail automotive parts segment presents an excellent synergistic acquisition opportunity for Auto Plus, a leading automotive aftermarket company wholly owned by" Icahn Enterprises LP, according to a 13D regulatory filing Friday.
Icahn Takes 12% Stake in Pep Boys, Sees Fit for Rival
2015-12-05 14:49:39| Industrial Machines - Topix.net
Billionaire investor Carl Icahn reported on Friday that he now owns 12.12% of auto parts company Pep Boys-Manny, Moe & Jack, which agreed to sell itself to Bridgestone in October, and said its retail automotive parts segment would be a perfect fit for rival Auto Plus. Icahn began buying the shares in late November and now owns 6.55 million shares, making him the second largest owner after Mario Gabelli's Gabelli Funds, a regulatory filing shows.
Icahn Takes 12% Stake in Pep Boys, Sees Fit for Rival
2015-12-05 01:39:47| Auto Parts - Topix.net
Billionaire investor Carl Icahn reported on Friday that he now owns 12.12% of auto parts company Pep Boys-Manny, Moe & Jack, which agreed to sell itself to Bridgestone in October, and said its retail automotive parts segment would be a perfect fit for rival Auto Plus. Icahn began buying the shares in late November and now owns 6.55 million shares, making him the second largest owner after Mario Gabelli's Gabelli Funds, a regulatory filing shows.
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