Bandag sale unexpected, Carver says

Muscatine, Iowa – Several months ago Bridgestone Americas Holding Inc. Chairman and CEO Mark Emkes approached Bandag Inc. Chairman and CEO Martin Carver unsolicited to talk about combining their companies, Carver said in an interview.

Carver, 58, said he first told Emkes that Bandag would stay independent, but he did bring the proposition before Bandag´s board of directors. The inquiry from Bridgestone turned out to be serious, Carver said, and the process to sell Bandag began around the time the company announced in June that…

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