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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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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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Pep Boys Moves Up Again On Bidding War

2015-12-23 05:37:16| Auto Parts - Topix.net

Pep Boys' investors are already looking at 2015 stock gains of over 60%, with perhaps a little more holiday cheer waiting in the wings as a bidding war between Bridgestone and Carl Icahn's Icahn Enterprises has continued. Over this past weekend, Carl Icahn raised the stakes by offering $16.50 per share in cash for the auto service and retail company.

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Icahn Raise Offer for Pep Boys; Staples, Office Depot Merger in Limbo

2015-12-21 22:36:44| Auto Parts - Topix.net

Icahn Enterprises lifted its offer for The Pep Boy to $16.50 a share. Ingersoll-Rand intends to sell its remaining stake in Hussmann for $400 million.

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Carl Icahn raises offer for Pep Boys, tops Bridgestone's offer

2015-12-21 16:31:39| Real Estate - Topix.net

Manny Moe & Jack, a U.S. auto parts retailer, said billionaire investor Carl Icahn had raised his offer to buy the company, topping Bridgestone Corp's offer of $15.50 per share. Pep Boys said its board had determined that Icahn Enterprises LP's offer of $16.50 per share in cash was superior to that of Bridgestone Corp's latest offer.

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