Icahn Enterprises Completes Tender Offer In First Step Of Federal-Mogul Acquisition
The completion of the offer is the first step in Icahn Enterprises’ two-step acquisition of Federal-Mogul. Following the merger, Federal-Mogul’s common stock will cease to be traded on the NASDAQ Global Select Market.
Federal-Mogul Enters Into Definitive Merger Agreement With Icahn Enterprises L.P.
If the transaction is completed, Federal-Mogul will become a privately held company and its common shares will no longer be listed on the NASDAQ or any public market.
Icahn Ups Bid To Buy Remaining Shares Of Federal-Mogul
Today, Federal-Mogul announced that, on June 17, it received an increased offer from Icahn Enterprises to purchase the shares of Federal-Mogul common stock not owned by Icahn Enterprises for $8 in cash for each of their Federal-Mogul shares.
Icahn Offers To Buy Remaining Stake In Federal-Mogul, Reuters Reports
Shareholders will receive $7 per share in cash, representing a premium of about 41 percent to Federal-Mogul’s Friday closing share price, according to Reuters.
Icahn Enterprises Completes Acquisition Of Pep Boys
As a result of the completion of the merger, the common stock of Pep Boys will no longer be listed for trading on the New York Stock Exchange or any other exchange.
Icahn Again Outbids Bridgestone To Acquire Pep Boys
Pep Boys shareholders to receive $18.50 per share in cash.
Pep Boys’ Board Determines Revised Proposal From Icahn Enterprises Continues To Be Superior To Bridgestone Transaction
The revised proposal increased the purchase price from $16.50 per share to the greater of (1) $16.50 per share and (2) “a price equal to 10 cents more per share than any increased bona fide bid offered by Bridgestone, up to a maximum of $18.10 per share.”
Pep Boys’ Board Of Directors Determines Latest Proposal From Icahn Enterprises Is Superior To Bridgestone Transaction
Icahn Enterprises L.P. has made a revised proposal to acquire Pep Boys for $16.50 per share in cash, which constituted a “Superior Proposal” as defined in the Pep Boys’ agreement and plan of merger with Bridgestone Retail Operations LLC.
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.