Goodyear’s delisting attempt fails

Goodyear’s delisting attempt fails

The leading Tyre-maker Goodyear India, has recently said in a filing to BSE that its attempt to delist from the bourses has failed due to a poor response from shareholders.

Notably, the company said in the filing that since the number of offer shares tendered in the reverse book building process at or below the discovered price are less in number as compared to the requirement. It is deemed that its delisting attempt has failed in the Indian market.

While the bid started form May 8, the company had fixed Rs 340 per share as the discovered price.

Goodyear surprises the market with Q4 profit

Goodyear surprises the market with Q4 profit The Goodyear Tire & Rubber Co. reported an unexpected profit in the fourth quarter of FY 2009 beating all the estimates as the market analysts were expecting a loss in the quarter.