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

The Yokohama Rubber

10/07/2024 06:22

TOKYO, July 10 (Reuters) - Japan's Yokohama Rubber
 5101.T  is in talks to buy Goodyear Tire & Rubber's  GT.O 
off-road tyre business for at least $1 billion, Bloomberg
reported on Wednesday.
    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.
    

 (Reporting by Kaori Kaneko
Editing by Chang-Ran Kim)
 ((kaori.kaneko@thomsonreuters.com;))