Bridgestone raises offer for Pep Boys, trumps Icahn
(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)