EU To Finalise Bandag Bridgestone Deal Checks

Reports from a number of media sources indicate the European Commission has set a date near the end of May as the deadline for completing its investigation into the imminent US$1.05 billion sale of Bandag to Bridgestone Americas Holdings. The deal itself is expected to close by the end of June.

Bandag’s significant business ties in Europe prompted the EU Commission to become involved. Observers believe that, as the deal has already been approved by US authorities, there is little likelihood of any new issues from the EU sidelining the deal.