The acquisition will boost Bridgestone Americas' retail presence in the U.S. to more than 3,000 locations, which operate under the Firestone Complete Auto Care, Tires Plus, Hibdon Tires Plus and Wheel Works brand banners.
“The joining of Bridgestone and Pep Boys combines the expertise of nearly 200 years and a proud heritage in the American automotive aftermarket industry,” said T.J. Higgins, president, consumer U.S. and Canada, Bridgestone Americas.
“Both of our companies take immense pride in the skill of our employees, those in the bays and behind the counters of our stores. Bringing that technical talent together with our shared dedication to customer service will create a better, not just bigger, tire and automotive service retailer, and one that is positioned to best meet consumer needs.”
D.F. King & Co. Inc. is acting as information agent for Bridgestone in the tender offer. American Stock Transfer & Trust Co. L.L.C. is acting as depositary and paying agent in the tender offer. J.P. Morgan Securities L.LC. is acting as dealer manager in the tender offer.
Requests for documents and questions regarding the tender offer may be directed to D.F. King at 212- 269-5550 or 866-620-2536, or by email at [email protected] J.P. Morgan Securities may be contacted at 877-371-5947 or 212-622-4401.
J.P. Morgan Securities L.L.C. is acting as the exclusive financial adviser to Bridgestone. Jones Day is acting as legal adviser to Bridgestone. Rothschild is acting as the exclusive financial adviser to Pep Boys. Morgan, Lewis & Bockius L.L.P. is acting as legal adviser to Pep Boys.