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Yokohama the front-runner to buy Goodyear OTR in >$1 billion-dollar deal

Author: Chris Anthony Comments: 0
On 10 July, we were asking if Yokohama be about to buy Goodyear OTR?The same day, Yokohama confirmed its interest. And a month on the deal is public including further details of what's involved (Photo: Yokohama)

Yokohama Rubber Co. is reportedly in “advanced talks” to buy Goodyear’s OTR tyre business. And what’s more, the Japanese tyremaker is said to be willing to pay “at least $1 billion”, according to Bloomberg reports which cite “people familiar with the matter”. The latest news confirms reports Tyres & Accessories obtained a month ago which suggested that four suitors had been particularly interested in the purchase.

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