Firestone
Firestone was given the chance to fuse with Italian business Pirelli, to Firestone’s eventual dissatisfaction. Firestone soon decided that things weren’t going to work out with Pirelli, eventually selling to Bridgestone Corp. the prominant Japanese automobile company. Those incredible $80 shares were a result of the $2.6 million acquisition that the Japanese tire conglomerate secured. This incredible strategy boosted Bridgestone to a being the runner-up as Japan’s tire manufacturing leaders. One Firestone official spoke to the Los Angeles Times, saying that, “The Bridgestone offer achieves our objective of enhancing shareholder values and will add materially to the employment security and career opportunities available to the men and women employed by Firestone’s existing businesses.”
Firestone
