Cooper Tire to Sell Auto Unit for $1.17B
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Cooper Tire &amp; Rubber Co. said Friday that it signed a definitive agreement to sell its Cooper-Standard Automotive unit to a Goldman Sachs investment group for about $1.
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Home Depot Inc  said on Tuesday that it would sell its wholesale supply business to buyout firms for $8.5 billion -- 17 percent less than previously agreed upon -- as the slumping housing industry and recent credit crunch forced the renegotiation of the deal.
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The tire maker plans to brand a GPS device.
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Analysts have estimated the medium-duty truck unit, which includes the GMC TopKick and Chevrolet Kodiak, to be worth about $500 million.
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U.S. real estate investment trust  Heritage Property Investment Trust, Inc.  said on Sunday  it had agreed to be bought by Australia's Centro Properties  Group  for around $1.7 billion.
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Ford Motor Co.  will offer buyout  packages of up to $140,000 to all of the more than 75,000  workers at its U.S. plants, the United Auto Workers union said  on Thursday, a day before the automaker details a revised  turnaround plan.
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The union representing workers at four Cooper Tire and Rubber Co. (CTB.N: Quote, Profile, Research) plants said on Tuesday that it has sued to block the company&#39;s proposed sale of its auto parts business to two buyout firms.
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Japanese tire maker Bridgestone Corp. , will buy Bandag Inc. , a maker of tire retreading materials and equipment, for $1.05 billion in cash, the companies said on Tuesday.
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Cooper Tire and Rubber Co.  on Friday said it agreed to sell an automotive parts business to two buyout firms for about &#36;1.17 billion, the latest private equity purchase in the sector.
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Toyota Motor Co (7203.T) President  Katsuaki Watanabe said on Tuesday he expected a slight decline  in the U.S. auto market in 2007 to around 16.3 million units.
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Kirk Kerkorian said today that he was selling one-quarter of his stake in the automaker, or 14 million shares.
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The company said it is selling the unit to Standard Chartered for nearly $1.1 billion so it can focus on its core credit card business.
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The American Standard Companies said it would sell its well-known plumbing fixture business and spin off a unit that makes automotive braking systems.
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CLEVELAND, Oct. 30  â Goodyear Tire & Rubber, helped by the sale of its engineered products unit, swung to a big profit in the third quarter, even though North American tire sales were down 6 percent.
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American Standard Cos., the maker of Trane air conditioners, has agreed to sell its bath-and-kitchen unit for $1.76 billion to Bain Capital Partners LLC, a Boston private equity firm, as part of a plan to break up the company.
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Kirk Kerkorian, the billionaire investor said that he was selling one-quarter of his stake in the automaker.
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Cooper Tire and Rubber Co. (CTB.N: Quote, Profile, Research) on Friday said it agreed to sell an automotive parts business to two buyout firms for about $1.