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Goodyear Tire (GT) Updates Plan for New Headquarters

May 29, 2009 4:39 PM EDT
GT Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)

EPS Growth %: -111.9%
The Goodyear Tire & Rubber Company (NYSE: GT) announced the sale of certain of its Akron properties to Industrial Realty Group (IRG) as a first step toward finalizing plans for developing a new headquarters in Akron.

Goodyear has signed a multi-year lease agreement with IRG and, as part of that agreement, will remain in its existing buildings until its new headquarters located adjacent to the company's Akron Technical Center is completed.

The Goodyear Tire & Rubber Company engages in the development, manufacture, distribution, and sale of tires and related products and services worldwide. [SM]

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