Mon, Oct. 26, 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.
- Source: Press Release
- PBY +22.65% to $14.89 premarket.
Sep. 6, 2011, 10:12 AMAutoNation's (AN -3.8%) weak August sales report looks like it hit a raw nerve with investors already nervous about companies depending on the auto industry. Prominent decliners: Goodyear (GT -6.4%), Bridgestone (BRDCY.PK -5.7%), Autolive (ALV -3.9%), KAR Auction Services (KAR -3.3%). | Sep. 6, 2011, 10:12 AM | Comment!
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.
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