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Billionaire investor Carl Icahn increases his bid for automotive parts and repair chain Pep Boys to $1 billion, surpassing the previous offer from Bridgestone Corp. The raised bid values Pep Boys at $18.50 per share. Pep Boys acknowledges that Icahn's offer is superior to Bridgestone's and sets a deadline for Bridgestone to respond. The ongoing bidding war highlights the competition for acquiring Pep Boys.
Saturday, 26 December, 2015