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Goodyear Completes Divestiture of Chemical Business
- Goodyear Tire & Rubber Company completed the sale of its Chemical business to Gemspring Capital Management, LLC for $650 million, effective October 31, 2025.
- Goodyear received approximately $580 million in cash proceeds after working capital adjustments at the closing of the transaction.
- The divestiture fulfills all planned asset sales in Goodyear's transformation program, generating total gross proceeds of about $2.2 billion.
- Goodyear plans to use the proceeds to reduce debt and fund further initiatives under the Goodyear Forward transformation plan.
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Kingsport Times-News+38 Reposted by 38 other sources
Goodyear Completes Divestiture of Chemical Business
AKRON, Ohio, Nov. 3, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "Company") has completed the previously announced divestiture of the majority of its Goodyear Chemical business to an affiliate of Gemspring Capital Management,…
Coverage Details
Total News Sources48
Leaning Left5Leaning Right6Center14Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 20%
C 56%
R 24%
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