Fly News Breaks for May 19, 2017
May 19, 2017 | 09:27 EDT
Argus analyst David Coleman says that Goodyear's valuation is "compelling." The analyst notes that the company's stock has fallen 10.5% over the last three months. However, he remains upbeat about the company's longer term outlook and reiterates a Buy rating.
News For GT From the Last 2 Days
Sep 20, 2017 | 05:52 EDT
Goodyear Tire announced that it has agreed to acquire Ventech Systems GmbH, a leader in automated tire inspection technology, from Grenzebach Maschinenbau GmbH. The acquisition of Ventech Systems will further expand Goodyear Proactive Solutions' commercial offerings with an efficient, user-friendly closed loop service enabling fleet operators to measure tire pressure, tread depth and vehicle weight on all their vehicles each time they enter or exit their depot. The transaction is expected to close in the fourth quarter. The business and technology will be integrated into the company's Goodyear Proactive Solutions business.