News | October 27, 2015 03:30 AM EDT
Icon Pep Boys ends 94-year run, selling to Bridgestone - Philly.com
PEP BOYS - Manny, Moe & Jack, the iconic Philadelphia-based auto-parts and service store chain, has agreed to be sold to Bridgestone, the Japan-based tiremaker that owns Firestone tire stores.
Bridgestone will pay $15 a share, or $835 million, for the 800-store, barely profitable company, which has 14,000 employees in 35 states and yearly sales of $2 billion.
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