BRDCF
Bridgestone Corp.Grey Market
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  • Wed, Jan. 13, 3:24 PM
    • Bridgestone (OTC:BRDCF, OTCPK:BRDCY) says it plans to add 20% more stores in the U.S. by 2020.
    • The company currently has 2.2K of its own stores and another 3K through dealerships.
    • The expansion plan follows the failed bid by Bridgestone to buy Pep Boys (NYSE:PBY).
    | Wed, Jan. 13, 3:24 PM | 2 Comments
  • Dec. 30, 2015, 9:34 AM
    | Dec. 30, 2015, 9:34 AM | 9 Comments
  • Dec. 29, 2015, 6:09 PM
    • It looks like Carl Icahn has won the Pep Boys (NYSE:PBY) bidding war: Bridgestone (OTCPK:BRDCY) says it won't counter Icahn Enterprises' (NASDAQ:IEP) $18.50/share offer for the auto repair shop chain. The offer, issued yesterday, topped a prior $17/share offer from Bridgestone.
    • PBY -2.7% after hours to $18.43.
    | Dec. 29, 2015, 6:09 PM | 13 Comments
  • Dec. 28, 2015, 4:45 PM
    • Icahn Enterprises' (NASDAQ:IEP) latest offer for Pep Boys (NYSE:PBY) is $1.50/share above the $17/share deal Pep Boys agreed to with Bridgestone (OTCPK:BRDCY) last week. It value auto repair shop owner at a little over $1B.
    • PBY +5.1% after hours to $18.27.
    • Prior Pep Boys coverage
    | Dec. 28, 2015, 4:45 PM | 10 Comments
  • Dec. 23, 2015, 12:19 PM
    • The bidding war continues: The Nikkei reports Bridgestone (OTCPK:BRDCY) has decided to once more up its offer for Pep Boys (PBY +2.7%). No price has been given.
    • The news comes shortly after Icahn Enterprises announced it would pay $0.10/share more than any Bridgestone offer up to $18.10/share. Pep Boys currently trades at $17.35.
    • Prior Pep Boys coverage
    | Dec. 23, 2015, 12:19 PM
  • Dec. 23, 2015, 8:57 AM
    • Pep Boys (NYSE:PBY) lands another offer from Icahn Enterprises with a kicker designed to box out Bridgestone (OTCPK:BRDCY, OTC:BRDCF).
    • Under the terms of the revised deal, the company lands $0.10 more than any new bid from Bridgestone up to a maximum of $18.10. If Bridgestone makes no new offer, the deal price remains at $16.50.
    • Previous forecasts from analysts saw a final deal price somewhere in the $17 to $17.50 range.
    • Pep Boys closed at $16.89 yesterday.
    | Dec. 23, 2015, 8:57 AM | 3 Comments
  • Dec. 12, 2015, 10:15 AM
    • Pep Boys (NYSE:PBY) changed course again by accepting a $15.50 per share offer from Bridgestone (OTCPK:BRDCY, OTC: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.
    | Dec. 12, 2015, 10:15 AM | 1 Comment
  • Dec. 8, 2015, 9:02 AM
    | Dec. 8, 2015, 9:02 AM | 3 Comments
  • Dec. 7, 2015, 1:48 PM
    | Dec. 7, 2015, 1:48 PM
  • Jun. 21, 2012, 1:43 PM

    Tire stocks trade lower after Bridgestone (BRDCF.PK) warns that it may reduce its H2 production, with the usual suspects - Europe and China - the rationale behind the cuts. Decliners: CTB -2.6%, GT -3.6%, AMTY -6.9%, MGDDF.PK -6.9% in Paris trading.

    | Jun. 21, 2012, 1:43 PM
  • Jun. 19, 2012, 7:34 AM

    A sizable rubber supply deficit is set to 180 into a massive glut thanks to a material slowdown in China. The resulting price drop will cut income for producers, but slash costs for tire makers like Goodyear (GT), Bridgestone (BRDCF.PK), Michelin (MGDDF.PK).

    | Jun. 19, 2012, 7:34 AM | 1 Comment
  • Apr. 24, 2012, 8:36 AM
    "The Chinese market is in an adjustment phase," says Bridgestone (BRDCF.PK) exec Maki Ohashi, expecting growth in tire sales to move in line with GDP growth (7.5-8%) rather than exceeding it as it's done in the past. Passenger-car sales in China fell 1.3% in Q1, the first decline since 2005.
    | Apr. 24, 2012, 8:36 AM
  • Jan. 10, 2012, 8:08 AM

    Tire makers Michelin (MGDDY.PK) and Bridgestone (BRDCF.PK) look set to benefit from an increase in demand for tires that's lining right as the firms' raw costs for rubber starts to wane. A 7% increase in global output tied to higher-producing plantations from Indonesia to Ivory Coast has pushed rubber futures down 12% this year already. Other tire names to watch: CTB, GT

    | Jan. 10, 2012, 8:08 AM
  • Sep. 15, 2011, 8:18 PM

    Japanese tire and rubber company Bridgestone (BRDCF.PK) pleads guilty and is fined $28M for bid-rigging and bribery of foreign officials, according to the DOJ. The company's illegal activities were related to the sale of marine hose and other industrial products.

    | Sep. 15, 2011, 8:18 PM