Bridgestone Corp. ADR(BRDCY)- OTCPK - Current
  • Wed, Feb. 17, 10:43 AM
    • Bridgestone (OTCPK:BRDCY): FY15 EPS of ¥362.52.
    • Revenue of ¥3.79T (+3.2% Y/Y).
    | 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