Oct
26
Bridgestone to Buy Pep Boys for $835 Million
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The deal to buy Pep Boys will give Bridgestone about 800 more stores to add to its own network of 2,200 tire and car service centers. CreditLuke Sharrett/Bloomberg News, via Getty Images
Bridgestone said on Monday that it would buy Pep Boys, the car parts retailer, for about $835 million in cash, to gain a big increase in retail locations.
Buying Pep Boys — perhaps best known for its colorfully named founders, Manny, Moe and Jack, who are technically part of its legal name — will give Bridgestone about 800 more stores to add to its own network of 2,200 tire and car service centers…
Bridgestone to Buy Pep Boys for $835 Million
