Firestone
The transaction, on the other hand, did not sit well with everyone. It was announced that the tire manufacturer Firestone would be merging with an Italian company called Pirelli. This was one of the reasons why Firestone decided to sell to a Japanese company called Bridgestone Corp. instead of going public. The Tokyo-based business purchased it for $2.6 million, which equated to an $80 per share purchase price. As a result of this decision, Bridgestone surpassed General Motors as the second-largest tire maker in the country. In an interview with the Los Angeles Times, a Firestone representative stated, “The Bridgestone offer achieves our objective of increasing shareholder value and will materially increase the employment security and career opportunities available to the men and women employed by Firestone’s existing businesses.”
Firestone
Gerber
Nestle said in 2007 that it intended to spend $5.5 billion on the acquisition of Gerber Products Company, a company that makes baby diapers. It had been the appropriate decision because it resulted in the Swiss company gaining the largest market share in the baby food industry. Of course, the company has progressed tremendously since its humble origins in New Jersey! It is a tremendously profitable market to be involved in. The baby food shop has been in business since 1927 when Daniel Frank Gerber’s wife began preparing baby food for their daughter Sally, who was born in the same year. He had the idea of selling the goods, and they quickly came up with five new things to put on the market.
Gerber
