Pep Boys’ Board Favors Icahn Offer, Notifies Bridgestone
Pep Boys’ notice to Bridgestone opens a three-day period, expiring 5 p.m. Eastern time on Dec. 11, during which Pep Boys can’t change its recommendation or terminate its agreement with Bridgestone. During this time, Bridgestone has the right to resubmit proposals for acquiring Pep Boys.
Pep Boys Reports Third Quarter 2015 Results; Icahn Outbids Bridgestone To Buy Business
Following his disclosure yesterday of an ownership interest in the company, U.S. investor Carl Icahn has made a counter bid for Pep Boys, according to a report in The New York Times.
Bridgestone Commences Previously Announced Tender Offer To Acquire Pep Boys
The tender offer is being made pursuant to an offer to purchase, dated Nov. 16. Upon successful closing of the tender offer, shareholders of Pep Boys will receive $15 in cash for each share of Pep Boys common stock validly tendered and not validly withdrawn in the offer, without interest and less any applicable withholding tax.
Bridgestone Announces James DeMouy As Vice President Of Environmental, Health, Safety And Sustainability
He will lead and direct all environmental, sustainability, health and safety-related activities for the entire Americas region, including overseas locations (manufacturing and retail). He will assume accountability for continued development and management of Bridgestone’s regulatory compliance programs.
Bridgestone To Acquire Pep Boys
The combined company will deliver greater consumer access to tires and automotive services; the deal also expands Bridgestone’s company-owned retail network and product offerings.
AMRA/MAP Names New Manager Of Technical Operations
Hatcher’s duties include overseeing MAP Technical Committee activities, establishing topics and presenters, as well as managing the association’s various technical services for membership.
Bridgestone Americas Breaks Ground on New HQ In Nashville
NASHVILLE, Tenn. – Bridgestone Americas celebrated the groundbreaking for its new 30-story, $200 million-plus headquarters, which will be located in the “SoBro” area of downtown Nashville, Tenn. When completed in mid-to-late 2017, the new facility will house more than 1,700 employees – 1,100 currently in Nashville and 600 new jobs from three out-of-state business units
Bridgestone Considers Buying UK Chain
Bridgestone is considering acquiring 500 tire shops in the UK to build a specialist tire retail network that would rival Kwik-Fit’s, according to reports from the Daily Telegraph.
Bridgestone Breaks Ground At Russian Plant
The plant, which will produce passenger car radials for the Russian market, is expected to start production in the first half of 2016, the company said.
Bridgestone Americas Announces Anniversary, Results Of ‘One Team, One Planet’ Spent Tire Program
Program finds valuable end use for spent tires.