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Goodyear Tire mulls sale of chemical unit.

The Daily Deal

| March 20, 2003 | COPYRIGHT 2003 The Deal LLC. (Hide copyright information)Copyright

Ailing Goodyear Tire & Rubber Co. is considering the sale of its chemicals division as a way to remain solvent. Goodyear Chemicals generates about $1 billion in annual sales and between $100 million and $150 million of Ebitda, representing about 7% of overall sales at Goodyear and 16% of operating income, respectively. Cash-strapped Goodyear, one of the world's largest tire …

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