Japanese tire maker Bridgestone Corp. raised its offer for Pep Boys-Manny, Moe & Jack to about $947 million, trumping activist investor Carl Icahn's current $900 million bid.

The latest Bridgestone offer of $17 per share was $1.50 above of its earlier bid.

Icahn's latest offer for Pep Boys was $16.50 per share.

(Reporting by Yashaswini Swamynathan in Bengaluru)