The Yokohama Rubber Company, Limited (TSE:5101) is in advanced talks to buy The Goodyear Tire & Rubber Company (NasdaqGS:GT)?s Off-the-Road tire business for at least $1 billion, according to people familiar with the matter. The Japanese company has emerged as the likeliest buyer for Goodyear?s OTR business after other suitors dropped out, the people said, asking not to be identified discussing confidential information. A transaction could value the assets at $1 billion to $1.5 billion, the people said.
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5-day change | 1st Jan Change | ||
11.35 USD | +2.16% |
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+4.51% | -20.74% |
11:19am | Goodyear in Talks With Yokohama to Sell Off-the-Road Business | MT |
Jul. 10 | Megacaps boost futures as Wall Street stays upbeat ahead of data, earnings | RE |
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3,386 JPY | +2.05% | -2.36% | 3.3B | ||
11.36 USD | +2.30% | +4.83% | 3.16B | ||
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-20.50% | 3.16B | |
+8.25% | 26.43B | |
+21.11% | 6.31B | |
+74.29% | 4.04B | |
+4.73% | 3.3B | |
-9.84% | 3.29B | |
+23.78% | 2.74B | |
+5.16% | 2.56B | |
+9.19% | 2.41B | |
+16.75% | 1.19B |
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- Yokohama Rubber Reportedly in Talks to Buy Goodyear's Off-Road Tyre Business for at Least $1 Billion