GT

US Equities

The Goodyear Tire & Rubber Company (GT): Keeping an Eye On The Long Term

The Goodyear Tire & Rubber Company (NASDAQ: GT) has acquired rival Cooper Tire & Rubber Company (NYSE: CTB) for $2.8 billion. The takeover will be in cash and stock. Since the acquired assets are easily integrated into Goodyear’s current business, the acquisition will expand Goodyear’s