secwatch.observer — SEC 8-K summary
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Issuer:     GOODYEAR TIRE & RUBBER CO /OH/ (GT)
CIK:        0000042582
Form:       8-K/A
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001193125-24-184964
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Goodyear to sell OTR tire business to Yokohama for $905M cash; close expected early 2025
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- Purchase price of $905 million in cash for Goodyear's Off-the-Road tire business, including facilities in Japan and Canada.
- Transaction expected to close by early 2025, subject to regulatory approvals and customary conditions.
- Goodyear will supply certain OTR tires to Yokohama for up to 5 years post-close under a Product Supply Agreement.
- Goodyear retains OTR tire business for U.S. military and defense applications.
- Proceeds to be used to reduce leverage and fund Goodyear Forward transformation initiatives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42582/000119312524184964/0001193125-24-184964-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42582/000119312524184964/d852316d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-184964

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