This extraction is sourced from Goodyear's 8-K press release exhibit (Exhibit 99.2) filed with the SEC on May 7, 2025, announcing deal completion. The filing confirms the transaction as fully closed rather than merely announced, with gross cash proceeds disclosed at the time of closing.
Goldman Sachs & Co. LLC acted as the lead financial advisor to Goodyear, with Barclays Capital Inc. acting as an additional financial advisor to Goodyear on the sell side. The release does not identify any financial advisor to Sumitomo Rubber Industries, the buyer.
Cleary Gottlieb Steen & Hamilton LLP served as legal advisor to Goodyear on the transaction; no legal advisor to Sumitomo Rubber Industries is named in this release.
Gross cash proceeds at closing totaled $735 million, comprised of $526 million allocated to the Dunlop brand itself, $105 million for a transition support fee, and $104 million for inventory. The divestiture was structured as a straightforward cash sale of brand rights and related assets rather than a sale of an operating subsidiary or business unit with its own financial statements.
The press release does not disclose the specific advisory fees paid to either Goldman Sachs or Barclays, the identity of any financial or legal advisor representing Sumitomo Rubber Industries, or the original announcement date of the transaction (only the closing date of May 7, 2025 is given in this exhibit).