Sumitomo to buy U.S. tire retailer for estimated 120 billion yen. (19-SEP-05) Kyodo News International (Tokyo, Japan) (via Knight-Ridder/Tribune Business News)

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Sumitomo to buy U.S. tire retailer for estimated 120 billion yen.

Publication: Kyodo News International (Tokyo, Japan) (via Knight-Ridder/Tribune Business News)

Publication Date: 19-SEP-05

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Sep. 19--TOKYO -- Sumitomo Corp. said Monday it has agreed with TBC Corp., a U.S. automobile tire retailer, to purchase all TBC shares by the end of the year through a friendly takeover.

The deal, the largest corporate acquisition for the Japanese trading house, is estimated to cost 120...

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