TITLE

Goodyear wraps sale to Carlyle

AUTHOR(S)
McNulty, Mike
PUB. DATE
August 2007
SOURCE
Rubber & Plastics News;8/6/2007, Vol. 37 Issue 1, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Goodyear Engineered Products will close one plant and beef up others in the U.S. and Canada as it moves out on its own. The one-time Goodyear Tire & Rubber Co. division was renamed Veyance Technologies Inc. shortly after the company Carlyle Group finalized a deal to buy it from Goodyear Tire for almost $1.5 billion. Goodyear Tire said it anticipates net proceeds of about $1.4 billion on the sale and expects to record an after-tax gain in the third quarter of 2007.
ACCESSION #
26224626

 

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