Bridgestone to acquire Bandag Inc.

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Bridgestone to acquire Bandag Inc.
Japan based tire manufacturer Bridgestone has said that they are acquiring Bandag Inc, which specializes in making tire retreading materials and equipment.
The deal is worth around $1.05 billion and it would be conducted through a cash transaction. After this announcement, the Bandag shares jumped $5.51, or 12.2 percent, to $50.55 [...]

http://business.techwhack.co/1509/bandag-bridgestone/