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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.
Bridgestone to build new factory in the Town of Wheatfield
2015-12-17 09:14:45| Industrial Machines - Topix.net
Niagara County has been selected as the site for a new factory where Bridgestone Automotive Parts Manufacturing will produce car seat components. Governor Cuomo's office announced Wednesday that Bridgestone APM, a subsidiary of Bridgestone Corporation, will build the new factory on an 11-acre site in the Town of Wheatfield.
Bridgestone Boosts Offer for U.S. Auto Service Chain Pep Boys
2015-12-15 17:41:18| Auto Parts - Topix.net
Pep Boys-Manny, Moe & Jack shares were inactive in recent pre-market trade after saying late Friday that Bridgestone Americas have agreed to increase its offer for the company to $15.50 per share from previously $15, raising the total purchase price by $28 million to $863 million. Along with these company-owned stores and Bridgestone's more than 5,000 long-standing dealers and distributors in the United States, the Pep Boys' network represents an immediate expansion for BSRO, and accelerates the global growth strategy of Bridgestone Corporation.
Bridgestone boosts offer for US auto service chain Pep Boys
2015-12-14 08:11:56| Auto Parts - Topix.net
Bridgestone has upped its bid for US auto service chain Pep Boys, after a competing offer from American investor Carl Icahn threatened to derail the Japanese firm's takeover plans. The merger would make Bridgestone a major player in the US car maintenance business, in direct competition with Icahn's Auto Plus chain.
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