Pep Boys plans to end Bridgestone deal, says Icahn's offer 'superior'

2020-02-19 02:17:04    阅读:937387

(Reuters) - U.S. aut

o parts retailer Pep Boys - Manny, Moe & Jack said it planned to terminate its deal w

ith Bridgestone Corp after i

ts board determined that Carl2018-032期白小姐玄机图 Icahn’s offer was a “superior proposal. Pep Boys said Bridgestone has three days from Dec.8, when the notice was deliver

ed to the Japanese tiremaker, to make a new o

ffer. Carl Icahn offered $15.50 per share for Pep Boys on Dec. 7, trumping Bridgestone’s proposal to buy the company for $15 per share made in October. The board will hold off from making any recommendation on

either offers until Frida

y, the company said. Rothschild is acting as the exclusive financial adviser to Pep Boys.