Goodyear Tire and Rubber Company

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Case

Reference no. 9A95B005

Subject category: Finance, Accounting and Control

Authors: Robert W White (Ivey Business School, Western University); D Alasdair S Turnbull (Ivey Publishing, Western University)

Published by: Ivey Publishing

Originally published in: 1995

Version: 2002-01-29

Length: 26 pages

Data source: Field research

Topics: Valuation; Consolidations and mergers; Restructuring; Corporate strategy

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Abstract

The Independent Committee of the Board of Directors of Goodyear Canada Inc must assess the fairness of the proposed ''Going Private'' amalgamation received from Goodyear Canada''s parent, The Goodyear Tire and Rubber Company of Akron, Ohio.The Goodyear Tire and Rubber Company offered to buy all the common shares of Goodyear Canada not already owned by them (11.2% of the shares issued were in public hands) for $48.00 (CDN) in cash per share. This represented a 22% premium over the closing price on the Toronto Stock Exchange on the previous afternoon.

Location:

Canada, USA

Industry:

Transportation equipment

Size:

Large