No Deadline Extension for Titan-Goodyear Deal – Yet
(Akron/Tire Review) The deadline for Titan International to conclude its $100 million purchase of Goodyear Tire & Rubber Co.’s agricultural tyre unit has come and gone, with no word on the disposition of the deal.
Titan has twice extended the completion date for the deal, originally reached last February, because of slow moving negotiations between Titan and the United Steelworkers (USW) over a new contract for employees at Goodyear’s Freeport, Illinois, agricultural tyre plant.