15 Dec 2004
Akron, Ohio--Goodyear may be about to sell its Engineered Products business, according to a report in TheDeal.com., a US-based organisation that tracks mergers and acquisitions.
The report quotes an anonymous source saying the company has hired J.P. Morgan Chase & Co to handle the sale, and the sale process is due to start in January 2005.
A Goodyear spokesman said the company is constantly reviewing its portfolio of assets, but declined to speculate on rumours of any acquisitions or divestments.
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TheDeal.com (US) story (Readers may need to stop the page loading as soon as the text appears.)
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