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Tag: bridgestone
Pep Boys face bid war as Icahn tops Bridgestone
2015-12-09 03:07:23| Industrial Machines - Topix.net
Traders in Pep Boys shares are wagering that the bidding war for the automotive-parts chain may just be beginning. Philadelphia-based Pep Boys traded at $16.43 as of 2:21 p.m. in New York, 6 percent higher than the $15.50 a share that billionaire investor Carl Icahn offered to buy the company.
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.
Pep Boys: Ichan Could 'Frustrate' Bridgestone Deal
2015-12-07 17:28:48| Industrial Machines - Topix.net
Manny Moe & Jack said Monday that Carl Icahn's newly unveiled 12.1% stake in the firm could imperil Bridgestone Corp.'s acquisition of the car-parts and repair company. The company said in a statement that Icahn's stake has "raised concerns" that the billionaire investor and other third parties could be trying to purchase the company's auto-parts segment.
Tags: deal
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bridgestone
Around the Industry: Bridgestone and Pep Boys in Definitive Merger
2015-12-01 08:21:32| Auto Parts - Topix.net
Bridgestone Americas, Inc. and Pep Boys announced that Pep Boys and Bridgestone Retail Operations, LLC, a wholly owned subsidiary of Bridgestone, have entered into a definitive merger agreement under which BSRO will acquire Pep Boys in an all-cash transaction for $15.00 per share, or approximately $835 million in aggregate equity value. This represents a premium of 23 percent over Pep Boys' closing price of $12.15 on October 23, 2015, and a premium of 62 percent over Pep Boys' unaffected price of $9.25 on May 19, 2015.
Tags: industry
boys
definitive
merger
Bridgestone Announces Early Termination of Hart-Scott-Rodino Waiting...
2015-11-24 07:59:41| Auto Parts - Topix.net
Accordingly, the tender offer condition with respect to the expiration or termination of the applicable waiting period under the HSR Act has been satisfied. , that TAJ Acquisition Co., a subsidiary of Bridgestone Retail Operations, LLC, had commenced a cash tender offer to purchase all outstanding shares of Pep Boys for , unless the offer period is extended in accordance with the definitive merger agreement and the applicable rules and regulations of the SEC.
Tags: early
waiting
termination
announces
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