国产麻豆

The Goodyear Tire & Rubber Company has completed the previously announced divestiture of its off-the-road (OTR) tire business to The Yokohama Rubber Company, Limited, effective February 3, 2025, in an all-cash transaction valued at approximately $905 million.

鈥淭he sale of the OTR business is a significant milestone in Goodyear鈥檚 transformation,鈥 said Goodyear Chief Executive Officer and President Mark Stewart. 鈥淥ur portfolio is now more streamlined, driving further efficiencies and enhancing our focus on our core industry-leading products and services.鈥

Goodyear intends to use transaction proceeds to reduce leverage and fund initiatives in connection with the Goodyear Forward transformation plan.Evercore acted as exclusive financial advisor and Sullivan & Cromwell LLP acted as legal advisor to Goodyear.

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