Photo: Bill Abbott via Wikimedia CommonsA&O Shearman, Cleary Gottlieb Act on $700M Dunlop Tire Brand Sale to Japan's Sumitomo
A&O Shearman is acting for Sumitomo Rubber while Cleary Gottlieb is representing Goodyear
January 10, 2025 at 06:11 AM
2 minute read
A&O Shearman and Cleary Gottlieb Steen & Hamilton are advising on Japan's Sumitomo Rubber Industries acquisition of the Dunlop tire brand in Europe, North American and Oceania from U.S.-based Goodyear Tire & Rubber for $536 million.
A&O Shearman is advising Sumitomo on the deal, in which it will also pay an additional $105 million for costs associated with the transfer for customers, as well as existing Dunlop consumer tire inventory for approximately $70 million. Goodyear is being represented by Cleary Gottlieb Steen & Hamilton.
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