Bridgestone Moves Ahead with Cash Tender Offer to Acquire Pep Boys
Nov. 16, 2015—Bridgestone Americas announced that its wholly owned subsidiary is commencing a cash tender offer to purchase all outstanding shares of The Pep Boys. Bridgestone previously announced that it had entered into a definitive merger agreement under which Bridgestone Retail Operations LLC (BSRO) will acquire Pep Boys.
The tender offer is being made pursuant to an Offer to Purchase, dated Nov. 16.
BSRO and Purchaser will file a tender offer statement on Monday with the U.S. Secretaries and Exchange Commission that includes the Offer to Purchase and related Letter of Transmittal that set forth the terms and conditions of the tender offer. Pep Boys will also file with the SEC a solicitation/recommendation statement on Schedule 14D-9 that includes the recommendation of the Pep Boys board of directors that Pep Boys shareholders tender their shares in the tender offer.