Yokohama Rubber Buys Alliance Tire Group In Biggest Acquisition Yet

Yokohama Rubber Co. Ltd. (TYO: 5101) announced it will purchase all shares of Dutch company Alliance Tire Group B.V. (ATG). The equity value of the transition is $1.179 billion (136 billion yen), Yokohama Rubber’s largest acquisition to date. The company will finance the purchase with its own funds and bank loans. The acquisition is expected to be finalized on July…

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