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Yokohama Rubber in talks to buy Goodyear's off-road tyre business for at least $1 billion, Bloomberg says

Published 07/10/2024, 01:36 AM
Updated 07/10/2024, 01:40 AM
© Reuters. FILE PHOTO: Used vehicle tyres manufactured by Goodyear sit at Stellantis and Alcopa Group SUSTAINera car reconditioning plant in Sainte-Genevieve, near Paris, France, February 22, 2024. REUTERS/Benoit Tessier/File Photo
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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.

© Reuters. FILE PHOTO: Used vehicle tyres manufactured by Goodyear sit at Stellantis and Alcopa Group SUSTAINera car reconditioning plant in Sainte-Genevieve, near Paris, France, February 22, 2024. REUTERS/Benoit Tessier/File Photo

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.

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