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Pep Boys win and Arbs lose again
2015-10-28 12:54:47| Auto Parts - Topix.net
The Pep Boys car-maintenance chain said Monday morning that it's being sold to a unit of Bridgestone for about $835 million. That's a 23 percent premium to its value last week and sounds like a decent offer -- but for arbitrageurs, any chance to make a good chunk of change evaporated within a minute of the press release, which hit at 8:30 a.m. New York time.
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Category:Automotive
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