2006-12-07
The US$1.05 billion dollar purchase will see Bridgestone gain a retreading presence in nearly 100 countries through Bandag’s 900-plus dealerships, helping them to compete with the likes of Goodyear and Michelin .
Bandag shares changed hands for the cash price of US$50.75 per share after unanimous approval from the company’s board of directors. The transaction is expected to close in the late first or early second quarter of 2007.
Bridgestone Shares Rise on Back of Bandag Acquisition
Bridgestone Corp. shares rose 3.5% to 2,550 yen, the company’s greatest gain in two months, after the tyremaker agreed to purchase retreader Bandag Inc.
The US$1.05 billion dollar purchase will see Bridgestone gain a retreading presence in nearly 100 countries through Bandag’s 900-plus dealerships, helping them to compete with the likes of Goodyear and Michelin .
Bandag shares changed hands for the cash price of US$50.75 per share after unanimous approval from the company’s board of directors. The transaction is expected to close in the late first or early second quarter of 2007.
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Интернет магазины Киева, Украины.
