Bridgestone and The Pep Boys agreed on acquisitionStaff writer ▼ | December 28, 2015
Bridgestone Americas and and The Pep Boys – Manny, Moe & Jack amended their Agreement and Plan of Merger dated October 26, 2015.
Acquisition $17 per share in cash
The revised offer price of $17.00 per share provides approximately $84 million in additional cash consideration to Pep Boys shareholders.
The Pep Boys board of directors continues to unanimously recommend that Pep Boys shareholders accept BSRO’s offer and tender their shares pursuant to that offer.
Pep Boys also announced that its board no longer deems the proposal received from Icahn Enterprises L.P. to acquire Pep Boys to be a sperior proposal. ■