Tire maker Goodyear to sell Dunlop brand to Sumitomo Rubber for $701 mln
Portfolio Pulse from
Goodyear Tire & Rubber Co is selling its Dunlop brand to Sumitomo Rubber Industries for $701 million in cash.
January 08, 2025 | 2:30 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Goodyear Tire & Rubber Co is selling its Dunlop brand to Sumitomo Rubber Industries for $701 million in cash, which could positively impact Goodyear's financial position.
The sale of the Dunlop brand for $701 million will provide Goodyear with a significant cash influx, potentially improving its financial stability and allowing for reinvestment or debt reduction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100