On Monday, Icahn Enterprises offered to pay $15.50 per share for Pep Boys, higher than Bridgestone's $15 per share, the Wall Street Journal said.
Pep Boys officials said the Icahn proposal would be considered as a so-called superior offer, allowing the company to enter into negotiations with Icahn, the story said. Bridgestone officials, in the meantime, said they are making progress in their deal reached in October, the Wall Street Journal reported.
Click here to read the full article.
Click here to follow Daily Voice Bedford and receive free news updates.