Goodyear Debica Share Offer Fails to Attract Significant Interest

In September Goodyear announced an intention to increase its ownership stake in the company’s Polish Debica unit. Of the total 13.8 million shares in Debica, some 4.69 were still owned by other parties, and it was the US manufacturer’s intention to “acquire any and all outstanding shares of Polish tire company TC Debica for 59.52 zloty (£12.88) per share.” Goodyear has announced that its cash tender offer, which ran between October 12 and November 10, landed the company exactly 8,220 Debica shares – equivalent to approximately 0.06 per cent of the unit’s worth.

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