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Bridgestone ended the bidding war for Pep Boys on Dec. 29, and activist investor Carl Icahn was named the victor in the quest for the Philadelphia-based chain.
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Icahn Enterprises LP isn’t giving up on its acquisition target, Pep Boys — Manny, Moe & Jack. On Dec. 28, Icahn increased its offer to $18.50 per share, outbidding Bridgestone Retail Operations LLC by $1.50 per share.
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Bridgestone Americas Inc. has raised its bid for the company's outstanding shares of common stock to $17 a share to top the $16.50 offered by Icahn Enterprizes L.P.
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Bridgestone Americas is moving to acquire automotive parts retailer and service provider Pep Boys in an all-cash transaction valued at $835 million in share value, the company announced.
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Gino Francescangeli Jr., the long-time Fleet National Accounts Director for The Pep Boys: Manny, Moe & Jack, passed away from cancer on Jan. 5 at the University of Pennsylvania Hospital with his family by his side. He was 61.
Read More →PHILADELPHIA – With more than 700 locations across the country, The Pep Boys – Manny, Moe & Jack announced an expansion of its business with the formal relaunch of its dedicated fleet services program.
Read More →SOUTH PORTLAND, ME - Pep Boys will offer business customers a proprietary charge card for automotive tires, maintenance, repairs, parts, and accessories. Pep Boys is also launching a co-branded universal fleet card program.
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