Firestone
Firestone Tires was given the opportunity to merge with Pirelli, an Italian firm. The deal, however, did not sit well with everyone. Firestone instead chose to sell to a Japanese business called Bridgestone Corp. for this reason. The Tokyo-based business paid $2.6 million for it, equating to $80 per share. Bridgestone became the country’s second-largest tiremaker as a result of this move. “The Bridgestone offer satisfies our objective of boosting shareholder values and will add considerably to the employment stability and development prospects available to the men and women employed by Firestone’s existing businesses,” a Firestone representative told the Los Angeles Times.
Firestone
Gerber
In 2007, Nestle announced its intention to spend $5.5 billion on the acquisition of Gerber Products Company. It was the appropriate decision because it gave the Swiss business the largest share of the baby food market. It’s a tremendously lucrative market. Since 1927, when Daniel Frank Gerber’s wife started making baby food for their daughter Sally, the baby food shop has been in business. He considered selling the product, and five different products were shortly offered to the market. The company has come a long way since its humble origins in New Jersey!
Gerber