You are here: / / / Bandag Buys Stock

Bandag Buys Stock

Author: Tyrepress Editors Comments: 0

Bandag has agreed to purchase over 1.5 million of its shares from Lucille A. Carver, widow of the company’s founder and mother of current President, Chairman and CEO Martin Carver.

Mrs Carver was a director of the company from 1957 until May this year and the sale reduces the voting power of the Carver family from 78 per cent to around 64 per cent. The total purchase price is $40,183,636..

Related news:

  1. Bandag Purchase Approved
  2. Goodyear Offers Convertible Notes [Update]
  3. New Chinese International Merger and Acquisition Rules
  4. Bridgestone Shares Rise on Back of Bandag Acquisition
Comments
Comments closed
Share this entry
Pirelli To Retain Commercial Tyre Business Pirelli Unveils Automatic Mixing System

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.