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Investment Fund Secures 5.5% Stake in Goodyear

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According to a filing lodged with the Securities and Exchange Commission in the US on January 8, the share in Goodyear Tire & Rubber held by New York based hedge fund TPG-Axon Capital Management LP now stands at 5.5 per cent. This percentage represents about 13.3 million shares. The fund had no stake in the tyre manufacturer before the third quarter of 2007.

TPG-Axon disclosed its stake in a Schedule 13G filing, which indicates that the investment is passive, and shares have not been obtained in order to influence the way Goodyear is governed.

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  2. Conversion Period for Goodyear Convertible Notes
  3. Goodyear Announces Conversion Period for Convertible Notes
  4. Goodyear Concludes Convertible Note Exchange
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