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Icahn sweetens bid for Pep Boys to more than $1-billion

2015-12-29 00:19:51| Industrial Machines - Topix.net

Billionaire investor Carl Icahn raised his offer for Pep Boys to $18.50 a share in cash, or more than $1-billion, escalating a bidding war with Bridgestone Corp. for the car-parts chain. In announcing the proposal, Icahn Enterprises said it would be willing to pay an even higher price, so long as Pep Boys doesn't increase the termination fee in its deal with Bridgestone.

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Category:Industrial Goods and Services

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