The Traderszone Network

Published in TZ Latest News 28 December, 2015 by The TZ Newswire Staff

Carl Icahn trumps Bridgestone’s offer for Pep Boys again

Pep Boys’ shares were up 6.3 percent in extended trading on Monday, in line with Icahn’s latest bid of $18.50 per share, which values the U.S. auto parts retailer at about $1 billion. Icahn had earlier offered $16.50 per share and said he would top any fresh offer from Bridgestone by 10 cents, capping it at $18.10. In response to Icahn’s bid, Bridgestone on Dec. 24 raised its offer by $1.50 to $17 per share.