Bridgestone Corp. agreed to buy the Pep Boys retail chain for about $835 million, pushing deeper into an auto-parts industry that has benefited from Americans keeping their cars on the road longer.
The takeover price amounts to $15 a share in cash, a 23 percent premium over Friday’s closing price of $12.15, according to a statement on Monday. The acquisition is slated to close at the beginning of next year.
