Bridgestone raises offer for U.S. auto parts retailer Pep Boys

December 12, 2015 1:02 AM

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Japanese tire maker Bridgestone Corp (5108.T) on Friday raised its offer for U.S. auto parts retailer Pep Boys - Manny, Moe & Jack (PBY.N) by 50 cents a share to $15.50 per share.

Bridgestone's new offer provides about $28 million in additional cash to Pep Boys shareholders, the company said.

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