Bridgestone-Bandag rolls on

April 4, 2007
Bandag Inc. announced today that its shareholders have approved the merger of the company with Bridgestone Americas Holding Inc. (BSAH) subsidiary, Grip Acquisition Corp.

Bandag Inc. announced today that its shareholders have approved the merger of the company with Bridgestone Americas Holding Inc. (BSAH) subsidiary, Grip Acquisition Corp. The transaction is expected to close later in the second quarter.

BSAH will acquire the outstanding shares of each class of stock of Bandag for $50.75 per share in cash. Bandag will become a wholly owned subsidiary of BSAH.

“Today’s action by our shareholders marks an important milestone toward the completion of the proposed merger,” said Martin G. Carver, chairman, president & CEO of Bandag.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

The Road Ahead: 2025 Trucking and Fleet Insights

Discover how fleet operators are impacted by challenges like driver onboarding delays and complex compliance, and the critical need for technology to boost efficiency and cut ...

Driving Growth: How to Manage More Freight

Ready to grow your trucking business? Whether you have 25 or 200 trucks, this guide offers practical tips and success stories to help you expand with confidence. Discover how ...

How to Maximize Fleet Management with Vehicle Bypass

Join us on February 18th to learn how truck weigh station bypass systems boost fleet performance and driver satisfaction.

Optimizing your fleet safety program using AI

Learn how AI supports fleet safety programs with tools for compliance monitoring, driver coaching and incident analysis to reduce risks and improve efficiency.