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Conti acquisition of Goodyear OTR ‘a complementary fit’ and analysts’ preferred ‘area for capital allocation’

Author: Chris Anthony Comments: 0
Should Continental AG buy Goodyear’s OTR tyre business? Certain market analysts think so (Photo: Continental; Goodyear; VintageSnipsAndClips, Pixabay)

Valuing Goodyear’s for-sale OTR tyre business at between $800 million and $1 billion, financial analysts have evaluated a hypothetical acquisition of the unit by Continental AG as “a complementary fit”. Writing in an investor’s note dated 23 April 2024, the Jefferies report endorsed the business case behind the scenario:

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