Bridgestone raises offer you for U.S. auto parts retailer Pep Boys

Bridgestone’s new provide gives about $ 28 million in extra money to Pep Boys shareholders, the company mentioned.

The new offer you comes after Pep Boys said on Wednesday that it planned to terminate its deal with Bridgestone as its board deemed Carl Icahn’s supply as a “superior proposal.”

Carl Icahn’s Icahn Enterprises LP had supplied to buy Pep Boys for $ 15.50 per share. (Reporting by Shubhankar Chakravorty in Bengaluru Editing by Sandra Maler)