Goodyear Tire (GT) Comments on Letter From Elliott, Says It Values Input from Shareholders
Get Alerts GT Hot Sheet
Join SI Premium – FREE
The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or "the Company") released the following statement regarding the letter Elliott Investment Management L.P. ("Elliott") sent to the Goodyear Board of Directors this morning:
"We value input from our shareholders and regularly engage with them. We are reviewing Elliott's recommendations, and we intend to meet with them to discuss their views in more detail.
"Goodyear's Board and management team have a strong track record of making value-enhancing strategic decisions on behalf of shareholders. We regularly review the Company's strategic plan to ensure that Goodyear is best positioned to deliver strong, sustainable shareholder value. As part of our Strategy Roadmap, Goodyear continues to strengthen our leadership position in the global tire industry as we advance our connected business model and innovate for the future of mobility."
Goodyear is one of the world's largest tire companies. It employs about 74,000 people and manufactures its products in 57 facilities in 23 countries around the world. Its two Innovation Centers in
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- GOODYEAR NAMES RYAN WALDRON AMERICAS BUSINESS PRESIDENT
- Dave & Buster's Entertainment (PLAY) Appoints Darin Harper as CFO
- Whirlpool (WHR) to cut 1,000 jobs - CFO Jim Peters
Create E-mail Alert Related Categories
Corporate News, Hedge FundsRelated Entities
Elliott AssociatesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!