ERJ staff report (DS)
Chino, California - We reported yesterday that American Tire Corporation (ATC) said it has written to Goodyear offering to buy Goodyear's OTR tyre plant located in Topeka, Kansas.
Goodyear said it had not received any communication from American Tire Corporation and, thus, declined to comment on the news release. It added, however, "We have not announced plans, or an intention, to sell any part of this business."
Under the ATC's proposal, it would like to buy out Goodyear's OTR tyre plant in Topeka, Kansas, "at any reasonable price", according to a press release sent out by ATC.Â
Goodyear did not rule out future discussions with ATC, but commented, "We are very pleased with the performance of our OTR business and continue to see opportunities for Goodyear in this business. "
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Press release from ATC