Investment Fund Secures 5.5% Stake in Goodyear - Tire Review Magazine

Investment Fund Secures 5.5% Stake in Goodyear

According to a filing lodged with the Securities and Exchange Commission in the US on January 8, the share in Goodyear Tire & Rubber held by New York-based hedge fund TPG-Axon Capital Management LP now stands at 5.5%.

This percentage represents about 13.3 million shares. The fund had no stake in the tyre manufacturer before the third quarter of 2007.

TPG-Axon disclosed its stake in a Schedule 13G filing, which indicates that the investment is passive, and shares have not been obtained in order to influence the way Goodyear is governed. (Tyres & Accessories/Staffordshire, U.K.)

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