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Bridgestone pulls out of bidding war for Pep Boys | Reuters

Dec 30, 2015    

Japanese tire maker Bridgestone Corp 5109.T said it would not counter Carl Icahn's raised offer to buy Pep Boys - Manny Moe & Jack (PBY.N), ending a bidding war for the U.S. auto parts retailer.

Icahn sweetened his offer for Pep Boys for the second time to $18.50 per share on Monday, after Bridgestone raised its bid by $1.50 to $17 per share on Dec. 24.

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