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Pep Boys financials

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.  

Bridgestone Closes In on Purchase of Pep Boys

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.

Pep Boys expects tires to 'lead the way'

If tire dealers were hoping a new CEO in charge at Pep Boys — Manny, Moe & Jack might inspire the company to focus less on tire sales, well — get ready to be disappointed.

Pep Boys avoids fight with biggest shareholder

The largest shareholder of Pep Boys – Manny, Moe & Jack has won a fight to add three members to the company’s board of directors following a months-long, back-and-forth contest between the two parties. The settlement avoids competing slates of board candidates at Pep Boys’ annual shareholder meeting in July.

Pep Boys tire sales up 4% in 1Q

Pep Boys – Manny, Moe & Jack reported net earnings of $11.9 million on net sales of $542.3 million for the first quarter of 2015, ended May 2, 2015. Both figures were up from the same period in 2014, when earnings were $1.6 million and sales were $538.8 million, though the 2015 numbers were helped by a $10 million sale of a leasehold interest.