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Pep Boys agrees to be bought by Icahn for $1 billion

2015-12-30 16:47:49| Industrial Machines - Topix.net

Pep Boys is being acquired by Carl Icahn for $1 billion following a bidding war with the Japanese tire company Bridgestone.

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Icahn raises bid for Pep Boys to $18.50/share

2015-12-29 18:46:01| Auto Parts - Topix.net

Icahn Enterprises L.P. has raised its offer for Pep Boys Manny, Moe & Jack by $2 a share to $18.50, topping Bridgestone Americas Inc.'s last bid by $1.50 and pushing the equity value of Pep Boys past $1 billion. Pep Boys' board of directors has declared the bid a "superior proposal" and notified Bridgestone of its intention to terminate its Dec. 24 agreement with the Nashville, Tenn.-based tire maker.

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Icahn ups stake for Pep Boys

2015-12-29 14:12:00| Auto Dealers - Topix.net

Bridgestone will decide by the end of the year whether it will top Carl Icahn's bid for Pep Boys after the billionaire investor raised his offer for the car-parts chain to more than $1 billion. The Japanese tire maker will decide its next move within three business days, spokesman Fusamaro Iijima said Tuesday in an e-mail.

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Pep Boys Rises in Premarket Trading on Rival Bids

2015-12-29 12:50:15| Industrial Machines - Topix.net

The billionaire investor upped his bid to $18.50 per share late this afternoon, topping Bridgestone Corp. 's competing bid of $17 per share, CNBC.com reports. Bridgestone, a Japanese manufacturing company engaged in the tire business, offered $17 per share on Christmas Eve to top Icahn's previous bid of $16.50 a share.

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Carl Icahn raises offer for Pep Boys to $18.50 per share

2015-12-29 00:56:24| Auto Parts - Topix.net

Dec 28 Activist investor Carl Icahn raised his offer for U.S. auto parts maker Pep Boys-Manny Moe & Jack , topping Japanese tire maker Bridgestone Corp 's latest bid by $1.50, to value the company at about $1 billion. Icahn Enterprises said it would pay $18.50 for each Pep Boys share, up from his previous offer of $16.50, according to a regulatory filing.

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