Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • BEST PLACES TO WORK
  • News
    • HUMANITARIAN
    • TIRE MAKERS
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • MERGERS & ACQUISITIONS
    • OBITUARIES
    • OPINION
    • MID YEAR REPORT
    • SERVICE ZONE
  • ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Resources
    • Events
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
    • RUBBER NEWS EVENTS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
November 24, 2015 01:00 AM

Bridgestone-Pep Boys deal clears HSR period

  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    NASHVILLE, Tenn. (Nov. 24, 2015) — Bridgestone Americas Inc.'s bid to buy Pep Boys – Manny, Moe & Jack has cleared the first regulatory hurdle, passing the review period mandated by the Hart-Scott-Rodino Antitrust Improvement Act of 1976.

    The HSR Antitrust Improvements Act requires any investor seeking to acquire a 15-percent stake or a stake valued at more than $15 million in a security to file with the government.

    The form is called a premerger notification report, with the filing marking the beginning of the 30-day review. In this case, the review period lapsed early, Bridgestone said.

    Bridgestone disclosed on Nov. 16 that it had commenced, through its TAJ Acquisition Co. subsidiary, a cash tender offer to purchase all outstanding shares of Pep Boys for $15 a share.

    The tender offer is set to expire at 5 p.m. EST on Jan. 4, 2016, Bridgestone said, unless the offer period is extended in accordance with the definitive merger agreement and the applicable rules and regulations of the Securities and Exchange Commission.

    The completion of the tender offer will be conditioned on Pep Boys' shareholders tendering at least a majority of Pep Boys' outstanding shares, determined on a fully diluted basis, and other customary closing conditions.

    Related Articles
    Pep Boys favoring Icahn's offer
    Icahn's bid for Pep Boys would boost aftermarket business, but not Federal-Mogu…
    Bridgestone counters Icahn's offer for Pep Boys
    Bridgestone weighing options RE: Pep Boys
    Icahn raises Pep Boys offer to $16.50/share
    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Ice Blazer WSTX winter tire newest Sailun innovation
    2
    Canada Tire invests in WeeL vehicle service startup
    3
    Goodyear expands OTR tire lineup with 'Powerload'
    4
    Pirelli eyes extending Formula 1, 2, 3 racing contract
    5
    Hankook halts production at fire-damaged Korean tire plant
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • Instagram
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • BEST PLACES TO WORK
    • News
      • HUMANITARIAN
      • TIRE MAKERS
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • MERGERS & ACQUISITIONS
      • OBITUARIES
      • OPINION
      • MID YEAR REPORT
      • SERVICE ZONE
    • ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Resources
      • Events
        • ASK THE EXPERT
        • LIVESTREAMS
        • WEBINARS
        • SEMA LIVESTREAMS
        • RUBBER NEWS EVENTS
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION