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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.

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