Stock Market News
Yokohama Rubber in talks to buy Goodyear’s off-road tyre business for at least $1 billion, Bloomberg says
2024.07.10 01:40
TOKYO (Reuters) – Japan’s Yokohama Rubber is in talks to buy Goodyear Tire & Rubber’s off-road tyre business for at least $1 billion, Bloomberg reported on Wednesday.
Yokohama Rubber’s shares fell as much as 7% before paring some losses to trade down 4.5% by late trade.
Yokohama Rubber declined to comment on the report.