Goodyear Completes Divestiture Of Off-The-Road (OTR) Tire Business
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Goodyear Tire & Rubber Company has completed the sale of its off-the-road (OTR) tire business to The Yokohama Rubber Company for $905 million. This divestiture marks a significant step in Goodyear's transformation strategy.
February 03, 2025 | 9:45 pm
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Goodyear has completed the sale of its OTR tire business to Yokohama for $905 million, marking a significant step in its transformation strategy.
The divestiture of the OTR business for $905 million provides Goodyear with significant cash, which can be used to strengthen its balance sheet or invest in core areas. This strategic move is likely to be viewed positively by investors, potentially boosting the stock price in the short term.
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