GoodYear Tire (GT) has shared an update.
The Goodyear Tire & Rubber Company has struck a deal to sell its off-the-road tire business to The Yokohama Rubber Company for $905 million, including the transfer of certain subsidiaries and facilities in Japan and Canada. This strategic move, expected to close by July 2025 with an option to extend until January 2026, is contingent upon regulatory approvals and customary closing conditions. Additionally, the agreement includes non-compete clauses, termination rights, and ancillary agreements for supply and transition services post-closing, ensuring a smooth transfer and continued production of tire products.
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