Goodyear Tire & Rubber Completes Asset Acquisition/Disposition
Ticker: GT · Form: 8-K · Filed: Feb 3, 2025 · CIK: 42582
Sentiment: neutral
Topics: acquisition, disposition, assets
Related Tickers: GT
TL;DR
Goodyear just closed a deal on assets. Big moves ahead?
AI Summary
On February 3, 2025, The Goodyear Tire & Rubber Company filed an 8-K report indicating the completion of an acquisition or disposition of assets. The filing details are related to the company's principal executive offices located at 200 Innovation Way, Akron, Ohio.
Why It Matters
This filing signals a significant corporate action for Goodyear, potentially impacting its asset base, operational structure, and future financial performance.
Risk Assessment
Risk Level: medium — Acquisitions or dispositions of assets can carry inherent risks related to integration, valuation, and market reception.
Key Players & Entities
- THE GOODYEAR TIRE & RUBBER COMPANY (company) — Registrant
- Ohio (location) — State of incorporation
- 200 Innovation Way, Akron, Ohio 44316-0001 (location) — Principal executive offices address
- February 3, 2025 (date) — Date of earliest event reported
FAQ
What specific assets were acquired or disposed of by Goodyear?
The filing does not specify the exact assets involved in the acquisition or disposition.
What was the financial value of the transaction?
The filing does not disclose the financial value of the asset acquisition or disposition.
When did the acquisition or disposition officially close?
The earliest event reported in relation to this transaction was on February 3, 2025.
Are there any new subsidiaries or business units created or divested as part of this transaction?
The filing does not provide details on the creation or divestiture of subsidiaries or business units.
Who were the other parties involved in this asset transaction?
The filing does not name the other parties involved in the acquisition or disposition of assets.
Filing Stats: 708 words · 3 min read · ~2 pages · Grade level 13.4 · Accepted 2025-02-03 16:30:19
Key Financial Figures
- $905 m — oss cash consideration of approximately $905 million, subject to certain customary adj
Filing Documents
- d790247d8k.htm (8-K) — 27KB
- d790247dex991.htm (EX-99.1) — 12KB
- g790247g07g01.jpg (GRAPHIC) — 34KB
- g790247s1.jpg (GRAPHIC) — 6KB
- 0001193125-25-019301.txt ( ) — 216KB
- gt-20250203.xsd (EX-101.SCH) — 3KB
- gt-20250203_lab.xml (EX-101.LAB) — 17KB
- gt-20250203_pre.xml (EX-101.PRE) — 11KB
- d790247d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (b)The unaudited pro forma condensed consolidated financial information of the Company giving effect to the sale of the Business will be filed within four business days by an amendment to this Current Report on Form 8-K. (d)Exhibits. Exhibit Description 99.1 News Release of The Goodyear Tire & Rubber Company, dated February 3, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE GOODYEAR TIRE & RUBBER COMPANY Date: February 3, 2025 By: /s/ Daniel T. Young Daniel T. Young Secretary