Dec
28
Bridgestone Prevails in Pep Boys Bidding War
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The Pep Boys merger will add about 800 locations to Bridgestone’s tally.NASHVILLE—Bridgestone Americas will pay $17 per share, or approximately $947 million in equity value, to acquire Pep Boys—Manny Moe & Jack in a revised merger deal announced late Thursday afternoon. The sweetened deal comes two months and one bidding war after Nashville-based Bridgestone and Philadelphia-based Pep Boys announced a merger agreement that at the time was worth $15 per share or $835 million to Pep Boys shareholders…
