Current Issue

PREMIUM CONTENT FOR SUBSCRIBERS ONLY

Retail

Underwriters exercise option on 22.7 million shares of Goodyear stock

Order Reprints

Underwriters of Goodyear Tire & Rubber Co.'s May 16th offering of more than 22.7 million shares of common stock have exercised in full the over-allotment option granted to them by the company.

(For more information, see "Goodyear prices common stock offering," May 17, 2007.)

As a result, the company will sell an additional 3.4 million shares of its common stock at the offering price of $33 per share. The offering,

including the exercise of the over-allotment option, is expected to

close on May 22, 2007.

Including the exercise of the over-allotment option, the net proceeds

from the offering, after deducting underwriting discounts and

commissions, are expected to be approximately $834 million.

Related Articles

Goodyear announces plans to offer shares of common stock

Failure to exercise option does not mean Monro is walking away from Strauss

Goodyear posts record 2011 sales of $22.7 billion

You must login or register in order to post a comment.