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EU Sets Deadline for Bandag/Bridgestone Inquiry

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(Akron/Tire Review) Forex Global News has reported that the European Commission has set May 29 as the deadline to complete its investigation into the proposed sale of Bandag Inc. to Bridgestone Americas Holding. The $1.05 billion deal is expected to close by the end of the quarter.

Bandag has considerable business in Europe, prompting the EU Commission’s involvement. The deal has already been approved by U.S. authorities.

Related news:

  1. EU To Finalise Bandag Bridgestone Deal Checks
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  3. Bandag Reports First-Quarter Financials
  4. Bridgestone Urges Motorists: Think Before You Drive
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