With Carl Icahn’s pursuit of Pep Boys-Manny, Moe & Jack dominating the news, I checked The Forbes 400 list to get an idea of how wealthy he really was. Forbes lists him as 22nd on the list with a net worth of $20.5 billion.
It looks like the bidding for Pep Boys-Manny, Moe & Jack is over. The winner? Bridgestone Corp. (or Bridgestone Americas Inc. or Bridgestone Americas Retail Operations LLC).
Bridgestone Americas Inc. is one step closer to acquiring Pep Boys-Manny, Moe & Jack. The waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976 (HSR Act), as amended, has been terminated with respect to the cash tender offer by Bridgestone's wholly owned subsidiary, TAJ Acquisition Co., to purchase all of the outstanding shares of Pep Boys.
In recognition of National Tire Safety Week, Bridgestone Americas is urging drivers to spend a few minutes this week properly maintaining their tires for optimal performance, fuel economy, and to extend the wear and service life of their tires.
Winter tire shipments fell from 5.3 million units in 2012 to 4.6 million units in 2013, a 13.2% drop, according to Modern Tire Dealer statistics. The decline was sharper the prior year when winter tire shipments fell 14.5% from 2011’s 6.2 million units. But several tire manufacturers and marketers believe this year’s relentless, often record-breaking winter storms will help push winter tire sales upward in the coming season.
In response to Bridgestone Corp.’s Nov. 7, 2013, voluntary safety recall of various truck and bus tires announced in Japan, Bridgestone Americas (BSA) is recalling approximately 2,600 units which were produced at Bridgestone’s plant in Tochigi, Japan, and sold in Guam, Canada, Mexico, Central and South America.
Bridgestone Retail Operations LLC (BSRO) projects it will open 45 new tire and automotive service centers across the United States this year. It currently owns and operates 2,222 stores.
A nationwide survey commissioned by Bridgestone Americas Inc. shows texting and other distracted driving behaviors are becoming socially unacceptable among teen drivers. The company is sponsoring a scholarship contest to encourage teens to drive responsibly.
Bridgestone Americas Tire Operations LLC (BATO) has named Matthew Stevenson vice president of marketing for its commercial tire division. The appointment was effective March 1, 2013.
Bridgestone Americas Tire Operations LLC has teamed up with DeltaWing Racing Cars as a one-car entry in the 2013 American Le Mans Series. Bridgestone will supply Potenza tires for the select races in which DeltaWing competes during the 2013 ALMS season.
Bridgestone Americas Inc. won the Environmental Achievement of the Year award for its Americas Technical Center at the Tire Technology Expo in Köln,Germany. The center, located in Akron, Ohio, celebrated its grand opening in April 2012.
Bridgestone Americas Inc. recently announced that Tim Walsh, who previously served as Bridgestone Americas Corporate Controller, has been named Chief Information Officer for the company.
Bridgestone Americas Tire Operations (BATO) was named “Sports Sponsor of the Year” by Street & Smith’s SportsBusiness Journal.