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The latest announcement is out from Sumitomo Rubber Industries ( (JP:5110) ).
Sumitomo Rubber Industries has acquired the DUNLOP trademark and other rights for four-wheel vehicle tires from Goodyear in Europe, North America, and Oceania for $526 million. This strategic acquisition aims to enhance the global presence of the DUNLOP brand, increase the production of premium products, and strengthen Sumitomo’s brand strategies across its tire and sports businesses.
More about Sumitomo Rubber Industries
Sumitomo Rubber Industries, Ltd. is a company operating in the rubber industry, primarily manufacturing tires. The company focuses on leveraging unique technologies to differentiate its products and aims to expand its market presence globally by strengthening brand strategies.
YTD Price Performance: -0.13%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.91B
For an in-depth examination of 5110 stock, go to TipRanks’ Stock Analysis page.
