Bridgestone Corp. ADR (BRDCY) - OTCPK - Current
  • Wed, Feb. 17, 10:43 AM
    | Wed, Feb. 17, 10:43 AM | 1 Comment
  • 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. 24, 2015, 7:35 PM
    • Pep Boys (NYSE:PBY) says it agrees to a new takeover offer from Bridgestone (OTCPK:BRDCY) that values the company at $947M and no longer deems the proposal received from Icahn Enterprises (NASDAQ:IEP) a "superior proposal."
    • PBY says Bridgestone will pay $17/share, with the announcement coming just before a 5 p.m. ET deadline to match or exceed Icahn’s $16.50/share offer; Icahn said yesterday he would pay $0.10/share more than any Bridgestone offer up to $18.10 under a "ratchet" structure.
    • PBY also says the breakup fee in the revised Bridgestone deal has been increased to $39.5M from $35M.
    • Icahn says of today's offer: "We cannot understand the actions of the directors in that they know we were willing to offer a lot more than $17."
    • Earlier: Pep Boys breakup is likely scenario, analyst says
    | Dec. 24, 2015, 7:35 PM | 5 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
  • Oct. 26, 2015, 9:04 AM
    • Auto parts stocks (AZO, AAP, ORLY, PRTS, GPC) are on watch after Bridgestone (OTCPK:BRDCY) acquires Pep Boys (NYSE:PBY) for a healthy premium.
    • Analysts have already been pushing the consolidation benefits of retail chains within the sector. The M&A move by Bridgestone will also be of interest to tire giants Cooper Tire & Rubber (NYSE:CTB) and Goodyear Tire & Rubber (NASDAQ:GT).
    • Pep-Boys trades just short of the takeout price of $15, up 22.82% to $14.91.
    • Previously: Bridgestone buying Pep Boys for $835M (Oct. 26 2015)
    | Oct. 26, 2015, 9:04 AM
  • Oct. 26, 2015, 8:52 AM
    • The all-cash deal works out to $15 per share for Pep Boys (NYSE:PBY), 23% above Friday's close of $12.15. It's also 62% higher than the stock price on May 9, when speculation about a purchase first began.
    • The deal is expected to close early next year.
    • PBY +22.65% to $14.89 premarket.
    | Oct. 26, 2015, 8:52 AM | 4 Comments
  • May 1, 2013, 8:29 PM
    Japanese stocks declines again today for a third straight session as the yen rises further against the dollar and Wall Street finishes weak. The Nikkei Average is down 0.5% to 13,726, with exporters leading declines: Mazda (MZDAY.PK -1.5%), Bridgestone (BRDCY.PK -2.2%), Panasonic -0.9%), Toyota (TM -1.3%).
    | May 1, 2013, 8:29 PM | 1 Comment
  • Mar. 6, 2013, 7:23 PM
    Japanese stocks move higher again today, extending recent gains with the help of a weaker yen. The Nikkei Average broke above 12,000 for the first time since September 2008, rising 1% to 12,049, with exporters leading once again: Advantest (ATE +1.5%), Hitachi (HTHIY.PK +1.1%), Bridgestone (BRDCY.PK +2.7%), Toyota (TM +0.7%), and Olympus (OCPNY.PK +2.9%).
    | Mar. 6, 2013, 7:23 PM
  • Jan. 31, 2013, 7:27 AM

    Tire companies (GT, CTB, BRDCY.PK, MGDDY.PK) face higher input costs as the price of rubber goes up with supplies from Asian countries dwindling. Rubber prices are up 4.3% YTD and 54% since their August low.

    | Jan. 31, 2013, 7:27 AM | 1 Comment
Company Description
Bridgestone Corp. designs, produces and sells automobile tires. The company also produces and markets scales to weigh racing cars and jumbo aircrafts and sporting goods including golf equipment, tennis rackets and bicycles. Bridgestone operates its businesses worldwide.
Industry: Rubber & Plastics
Country: Japan