Global law firm Freshfields Bruckhaus Deringer (“Freshfields”) is advising The Yokohama Rubber Company, Limited (“Yokohama”) on its acquisition of The Goodyear Tire & Rubber Company’s (“Goodyear”) off-the-road (OTR) tire business for $905 million in cash, subject to customary adjustments. The OTR business being acquired by Yokohama is engaged predominantly in the manufacture and sale of tires for mining and construction machinery. The transaction is subject to customary closing conditions, including receipt of required regulatory approvals.

The Freshfields team is led by partners Paul Tiger and Sebastian Fain in New York and Takeshi Nakao and Noah Carr in Tokyo. They are supported by a large cross-border, multidisciplinary team including counsel Enrique Dancausa, senior associates Max Sanders, Marissa Yu and Hugh Goodwin.