Firestone
Firestone Tires jumped at the chance to join forces with Pirelli, an Italian conglomerate. The agreement, on the other hand, didn’t feel right. This was the main reason why Firestone decided to sell to Bridgestone Corp., a Japanese firm. The Japanese company paid $2.6 million for it, or $80 per share. Bridgestone now ranks as the country’s second largest tire maker as a result of this decision. “The Bridgestone offer satisfies our objective of boosting shareholder values and will add considerably to the employment stability and development prospects for the men and women employed by Firestone’s current businesses,” a spokeswoman of Firestone told the Los Angeles Times.
Firestone
Gerber
In 2007, Nestle revealed its intention to pay $5.5 billion for Gerber Products Company. As a result, the Swiss corporation now controlled the largest share of the baby food market. In this market, you can make a lot of money. As soon as Daniel Frank Gerber’s wife started making baby food for their daughter Sally in 1927, the company was born. As soon as he had the idea of marketing the product, they had five new ones on the market. Since its humble beginnings in New Jersey, the company has come a long way.
Gerber
