Bridgestone Will Not Counter Icahn Offer for Pep Boys

Dec. 30, 2015—Bridgestone Americas will not counter Monday’s Icahn Enterprises bid to acquire Pep Boys for $18.50 per share in cash, which totals more than $1 billion dollars.

The bidding war between Icahn Enterprises and Bridgestone began in October when Bridgestone intitiailly offered Pep Boys $835 million, or $15 a share.