Parts Giant Pep Boys Has New Suitor in Carl Icahn
Billionaire investor Carl Icahn disclosed a 12-percent ownership stake in Pep Boys and said that Auto Plus, a competitor which he owns, should consider buying the retail parts giant, Bloomberg...
View ArticleCarl Icahn Offers to Buy Pep Boys for $863 Million
After disclosing that he had purchased a 12-percent stake of the company, billionaire investor Carl Icahn submitted an offer of $863 million for the Pep Boys chain of automotive parts stores, according...
View ArticleTTAC News Roundup: Merry Boozy Christmas; Subaru Can’t Make ’em Fast Enough;...
You’ve made some bad decisions at the holiday office Christmas party. We’ve all done it. Don’t compound it by using a (probably inaccurate) free breathalyzer that you picked up at a Honda dealer...
View ArticleTTAC News Roundup: Nissan’s LeMans Project Garaged, UAW Wants To Talk to VW,...
From DNF to DNS, the Nissan GT-R LM project has finally been retired. That, and it’s lights out for some Crown Vics, the UAW just wants to talk, Hyundai will spend more to lend more, and more … after...
View ArticlePep Boys Agrees to $947M Bid From Bridgestone
Bridgestone will buy Pep Boys for $947 million, shunning a competing bid from investor Carl Icahn, to complete its purchase of the auto parts chain, Bloomberg reported (via Automotive News). The...
View ArticleTTAC News Round-up: How Low Can Oil Go, IROC an El Camino, and What’s Buick...
A picture is worth a thousand words, or millions of dollars worth of cars not built by the United Auto Workers. That, and Buick is planning a surprise for Detroit, oil prices are ever-so-slightly up, a...
View ArticleCarl Icahn Definitely, Probably Secures Purchase of Pep Boys, Maybe
Stop us if you’ve heard this one before: Billionaire investor, activist and horse racing enthusiast Carl Icahn bid to buy Pep Boys on Tuesday for just over $1 billion, outpricing Japanese tire giant...
View ArticleCarl Icahn Wants It All
Billionaire businessman and activist investor Carl Icahn wants to snatch up the last bits of Federal-Mogul Holdings Corporation he doesn’t already own, Automotive News reports. The 80-year-old tycoon...
View Article