Bridgestone Americas to acquire Bandag.Bridgestone Americas A·mer·i·cas , the See America. Holding, Nashville Nashville, city (1990 pop. 487,969), state capital, coextensive with Davidson co., central Tenn., on the Cumberland River, in a fertile farm area; inc. as a city 1806, merged with Davidson co. 1963. , TN, and Bandag, Muscatine Muscatine (mŭskətēn`), city (1990 pop. 22,881), seat of Muscatine co., SE Iowa, on the Mississippi River; inc. 1851. An early center of river traffic and lumbering, Muscatine is the shipping and processing center of a rich agricultural , IA, have entered into a merger agreement pursuant to which Bridgestone Americas will acquire the outstanding shares of each class of stock of Bandag for $50.75 per share in cash. The transaction is valued at approximately $1.05 billion. Bandag is a manufacturer of tire retreading materials and equipment. Bandag and Bridgestone Americas have a decades-long business relationship. |
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