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Bridgestone counters Icahn's offer for Pep Boys
2015-12-12 06:51:57| Auto Parts - Topix.net
Bridgestone Americas Inc. has countered Icahn Enterprises L.P.'s offer for Pep Boys Manny, Moe & Jack, an offer Pep Boys' board of directors has endorsed unanimously. Bridgestone increased its offer price to acquire all the outstanding shares of common stock of Pep Boys to $15.50 per share in cash from its previous offer of $15, or about $863 million in aggregate equity value.
Bridgestone inks deal to acquire Pep Boys for $863M
2015-12-12 03:04:48| Industrial Machines - Topix.net
Pep Boys has agreed to be acquired by Bridgestone for $863 million in cash after the tires and auto service company sweetened its offer following a bid from Carl Icahn's investment firm. Bridgestone and Pep Boys said late Friday that the new offer amounts to $15.50 for each Pep Boys share, an increase from its previous offer of $15 per share.
Bridgestone raises offer for U.S. auto parts retailer Pep Boys
2015-12-12 02:52:28| Auto Parts - Topix.net
Dec 11 Japanese tire maker Bridgestone Corp on Friday raised its offer for U.S. auto parts retailer Pep Boys - Manny, Moe & Jack by 50 cents a share to $15.50 per share. The new offer comes after Pep Boys said on Wednesday that it planned to terminate its deal with Bridgestone as its board considered Carl Icahn's offer as a "superior proposal."
Will Bridgestone raise bid for Pep Boys?
2015-12-09 16:51:34| Auto Parts - Topix.net
Shares of Pep Boys - Manny Moe & Jack rose Tuesday as investors bet that Bridgestone Corp. will boost its $15-a-share offer to beat billionaire Carl Icahn's Monday bid of $15.50 a share for the Philadelphia-based auto-parts sales and service chain. Shares closed at $16.30, up 1.5 percent or 24 cents, in Tuesday trading on the New York Stock Exchange.
Pep Boys Gives Bridgestone Three Days to Top Icahn's Offer
2015-12-09 16:51:33| Auto Parts - Topix.net
Pep Boys gave Bridgestone Corp. three days to top Carl Icahn's $863 million takeover offer, saying its board had determined that the billionaire investor's bid is superior to their earlier agreement. Bridgestone was notified of the board's plan to change its recommendation and terminate their agreement on Tuesday, the Philadelphia-based company said Wednesday in a statement.
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