- Pep Boys (NYSE:PBY-OLD) changed course again by accepting a $15.50 per share offer from Bridgestone (OTCPK:BRDCY, OTCPK:BRDCF) that matched an offer from Carl Icahn's organization.
- The deal price works out to around $863M.
- An acquisition of Pep Boys would give Bridgestone a significant increase in its presence in North America.
- Pep Boys closed at $16.34 on Friday indicating some traders think the drama isn't quite over yet.
- Bridgestone press release