Bridgestone loses bid for Pep Boys

Pep-Boys

Bridgestone Americas, Inc. announced that Bridgestone Retail Operations, LLC (BSRO), a wholly owned subsidiary of Bridgestone, will not present a counter offer to acquire The Pep Boys – Manny, Moe & Jack, in response to the most recent proposal from Icahn Enterprises L.P. of US$18.50 per share.