US: Goodyear launches preferred stock offering

In a new refinancing move, Goodyear has announced that it has commenced a public offering of US$435m of mandatory convertible preferred stock. The offering consists of 8.7 million shares with an offering price of US$50 per share. The company intends to grant the underwriters of the offering a 30-day option to Subscribe to Automotive World to … Continued

• By Webmaster
• March 29, 2011