Monday, March 23, 2015

ChemChina to buy Pirelli for $7.7 billion

Filed under: Motorsports, China, Europe

China National Tire & Rubber Company, a division of China National Chemical Corporation, is working to buy Italian tire maker Pirelli for $7.7 billion. Shareholders have accepted the offer, but it remains to be seen if the tender offer price of 15 euros per share will be enough.

Continue reading ChemChina to buy Pirelli for $7.7 billion

ChemChina to buy Pirelli for $7.7 billion originally appeared on Autoblog on Mon, 23 Mar 2015 18:32:00 EST. Please see our terms for use of feeds.

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