06:46 AM EDT, 07/10/2024 (MT Newswires) -- The Goodyear Tire & Rubber Company ( GT ) is considering selling its Off-the-Road tire business to Yokohama Rubber for at least $1 billion, Bloomberg reported, citing people familiar with the matter.

Japan's Yokohama Rubber is among the only remaining suitors, valuing the business at $1 billion to $1.5 billion, Bloomberg reported the sources as saying.

Yokohama is in discussions with banks to line up financing, Bloomberg reported.

Goodyear and Yokohama did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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