Photographer: Luke Sharrett/Bloomberg

Icahn Sweetens His Bid for Pep Boys to More Than $1 Billion

Updated on
  • Bridgestone will decide this week whether to top his offer
  • Pep Boys had agreed to $17-a-share deal with Japan tire giant

Pep Boys shares jumped 8.8 percent after Carl Icahn raised his takeover offer for the auto-parts chain to more than $1 billion, escalating a bidding war with Bridgestone Corp.

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