Merry Christmas, Pep Boys: Bridgestone Ups Stock Bid

The offer for Pep Boys-Manny, Moe & Jack keeps getting higher. Bridgestone Americas Inc. has raised its bid for the company's outstanding shares of common stock from $15.50 to $17 a share. The new bid tops the $16.50 per share offered by Icahn Enterprizes L.P.  

The fight over Pep Boys continues. Bridgestone has until Dec. 23 to top the latest offer from Icahn Enterprises.

Icahn Tops Bridgestone, Again, and Increases Bid for Pep Boys

Icahn Enterprises L.P. has upped its price to purchase The Pep Boys — Manny, Moe & Jack, but also has indicated the offer won't last forever. The billionaire investor has given the Pep Boys board until Dec. 23, 2015, to close the deal.

The Pep Boys deal with Bridgestone may be in trouble, but the tire maker has three days to respond to and top Carl Icahn's offer.

Pep Boys May Terminate its Deal with Bridgestone

The Pep Boys — Manny, Moe & Jack plans to cancel its merger agreement with Bridgestone Retail Operations LLC this week, and instead accept the higher-priced offer from billionaire investor Carl Icahn.


Not So Fast Bridgestone, There’s Another Bid for Pep Boys

Since November billionaire investor Carl Icahn of Icahn Enterprises Holdings L.P. has bought up more than 12% of the available shares of The Pep Boys — Manny, Moe & Jack, and now Icahn Enterprises says it wants to buy all outstanding shares, and it is offering a higher price than Bridgestone Retail Operations LLC.


Federal-Mogul to purchase portion of Honeywell

Federal-Mogul Corp. announced that its European subsidiaries have entered into a definitive purchase agreement to acquire certain business assets of the Honeywell automotive and industrial brake friction business including two recently established manufacturing facilities in China and Romania.

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