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Icahn Enterprises offered $18.50 in cash for each share of Pep Boys on Tuesday, $1.50 more per share than the most recent offer from Bridgestone. With the contest becoming too rich, Bridgestone bowed a few hours later. Because Pep Boys had already agreed to a deal with Bridgestone Corp., Icahn Enterprises will pay a $39.5 million break-up fee.
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