Bridgestone raises offer for Pep Boys, trumps Icahn
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A Pep Boys auto parts store is shown in Encinitas, California December 8, 2015. REUTERS/Mike Blake
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(Reuters) - Japanese tire maker Bridgestone Corp <5108.T> raised its offer for Pep Boys-Manny, Moe & Jack (NYSE: PBY) to about $947 million, trumping activist investor Carl Icahn's current $900 million bid.
The latest Bridgestone offer of $17 per share was $1.50 above of its earlier bid.
Icahn's latest offer for Pep Boys was $16.50 per share.
(Reporting by Yashaswini Swamynathan in Bengaluru)
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