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Bridgestone Nearing U.S. Deal, Narrows List to a Few Candidates


Bridgestone Nearing U.S. Deal, Narrows List to a Few Candidates
Apr 23 2021, 12:44 PM
April 23 2021, 5:35 AM
April 23 2021, 12:44 PM
(Bloomberg) Bridgestone Corp. is on track to restore quarterly sales close to pre-pandemic levels in despite a global chip shortage, paving the way for a merger or acquisition this year, Chief Executive Officer Shuichi Ishibashi said.
(Bloomberg) Bridgestone Corp. is on track to restore quarterly sales close to pre-pandemic levels in despite a global chip shortage, paving the way for a merger or acquisition this year, Chief Executive Officer Shuichi Ishibashi said.
Demand is strong in the U.S., where Japanese tiremaker has narrowed its list of potential acquisition targets to a few information-technology firms, Ishibashi said in an interview Tuesday. Asked whether Bridgestone would upgrade its outlook, the CEO said that while he’s not supposed to comment ahead of an earnings announcement in May, it’s clear that t ....

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