Goodyear Acquires Remaining Brad Ragan Shares
11 January 1999
Goodyear Acquires Remaining Brad Ragan SharesAKRON, Ohio, Jan. 8 -- The Goodyear Tire & Rubber Company announced that it has become sole owner of Brad Ragan Inc. Goodyear acquired the remaining 556,924 shares of Brad Ragan Inc. common stock it previously did not own for a cash purchase price of $37.25 per share. Shareholders of Brad Ragan Inc. approved the sale per an agreement and Plan of Share Exchange between the companies. Brad Ragan Inc. distributes new and retreaded off-the-road and truck tires through a network of 53 commercial outlets in 19 states. The company also operates a chain of 116 retail stores in the southeast, featuring products and services for auto and home use.