The Traderszone Network

Published in TZ Latest News 23 December, 2015 by The TZ Newswire Staff

Pep Boys says Icahn could further sweeten offer

Icahn told Pep Boys he would top any fresh Bridgestone offer by 10 cents per share, capping it at $18.10 per share. The billionaire investor’s latest offer for Pep Boys is $16.50 per share, or about $900 million, a proposal that has been deemed “superior” by Pep Boys’ board. Bridgestone, which has until 5.00 p.m. ET on Thursday to make another proposal, said they were aware of Icahn Enterprises revised offer.