A Lighter Load for Goodyear
Goodyear Tire & Rubber (GT) signed an agreement to sell its engineered-products business for $1.475 billion to EPD, Inc., an entity sponsored by the private equity firm Carlyle Partners IV, L.P. It's the Akron (Oh.) tire maker's latest effort to recover from hefty financial losses after battling with employees and struggling to improve its production. Investors bought Goodyear shares on March 26 after the news.
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