Blogger Thinks Bridgestone-Pep Boys Merger Is a Done Deal
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 (take your pick; they are all related).
Bridgetone's latest offer of $15.50 is good until the end of the working day on Jan. 4, 2016. But all the signs point to the deal being on its way to completion. Certainly, Pep Boys and Bridgestone want it to happen.
That is at least the impression Modern Tire Dealer Editor Bob Ulrich got when he looked over the Securities and Exchange Commission filings and press releases associated with the proposed acquisition. "The two parties are doing everything they can to move the deal forward," he said. "Logic, at least mine, would dictate it's going to happen."
That means Carl Icahn is out of the picture. Find out why by reading Ulrich's latest blog, "Done Deal: Bridgestone Closes the Book on the Pep Boys Acquisition."
Can a billionaire ($20.2 billion, according to Forbes) like Icahn really be counted out? Read the blog, then let us know what you think by leaving a comment!