Bridgestone Americas’ wholly owned subsidiary TAJ Acquisition Co., the purchaser for the tiremaker, is commencing a cash tender offer to purchase all outstanding shares of The Pep Boys. Bridgestone announced on Oct. 26 that it has entered into a definitive merger agreement to acquire Pep Boys for nearly $835 million.

Upon successful closing of the tender offer, shareholders of Pep Boys will receive $15.00 in cash for each share of Pep Boys common stock validly tendered. Bridgestone Americas and TAJ Acquisition Co. will file a tender offer statement with the U.S. Securities and Exchange Commission today. Additionally, Pep Boys will file with the SEC a solicitation/recommendation statement on Schedule 14D-9 that includes the recommendation of the Pep Boys board of directors that Pep Boys shareholders tender their shares.

The tender offer will expire at 5:00 p.m. on Jan. 4, 2016, unless the offer period is extended in accordance with the definitive merger agreement and the applicable rules and regulations of the SEC.