Pep Boys says Icahn could further sweeten offer

December 23, 2015 3:00 PM

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Pep Boys says Icahn could further sweeten offer

Pep Boys - Manny Moe & Jack (PBY.N) said investor Carl Icahn was willing to pay as much as $1 billion for the U.S. auto parts retailer to keep rival bidder Japanese tire maker Bridgestone Corp (5108.T) at bay.

Icahn told Pep Boys he would top any fresh Bridgestone offer by 10 cents per share, capping it at $18.10 per share.

Also read: Hong Kong CKI makes $5.4 billion bid for Australian energy Duet Group

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