The Goodyear Tire & Rubber Company announced an exchange offer for any and all of its outstanding 4.00% Convertible Senior Notes due 2034. Note holders who participate will receive the same number of shares they would receive upon conversion, plus a cash premium of $48.30 per $1,000 principal amount and accrued interest. The exchange allows Goodyear to reduce its debt by up to $350 million and save approximately $14 million annually in interest costs. The offer expires on December 5, 2007.
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Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
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1. UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): November 6, 2007
The Goodyear Tire & Rubber Company
__________________________________________
(Exact name of registrant as specified in its charter)
Ohio 1-1927 34-0253240
_____________________ _____________ ______________
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1144 East Market Street, Akron, Ohio 44316-0001
_________________________________ ___________
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: 330-796-2121
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
[x] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
2. Item 8.01 Other Events.
On November 6, 2007, The Goodyear Tire & Rubber Company announced the commencement of an exchange offer for any and all of its
4.00% Convertible Senior Notes due 2034.
A copy of the news release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 News release, dated November 6, 2007
3. SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
The Goodyear Tire & Rubber Company
November 6, 2007 By: W. Mark Schmitz
Name: W. Mark Schmitz
Title: Executive Vice President and Chief Financial Officer
5. Filed by The Goodyear Tire & Rubber Company
pursuant to Rule 425 under the Securities Act of 1933 and
deemed filed pursuant to Rule 13e-4(c) under the Securities Exchange Act of 1934
Subject Company: The Goodyear Tire & Rubber Company
Commission File No. 1 – 01927
Registration Statement on Form S-4, filed on November 6, 2007
MEDIA CONTACT: Keith Price
330-796-1863
ANALYST CONTACT: Greg Dooley
330-796-6704
FOR IMMEDIATE RELEASE
Goodyear Announces Exchange Offer for Convertible Notes
AKRON, Ohio, November 6, 2007 – The Goodyear Tire & Rubber Company announced today that it has
commenced an offer to exchange any and all of its outstanding 4.00% Convertible Senior Notes due June 15, 2034
for a cash premium and shares of its common stock.
“This exchange offer is another step in our plan to further de-lever and improve our capital structure,” said W.
Mark Schmitz, executive vice president and chief financial officer. “This allows us to reduce our debt by as much
as $350 million, save up to $14 million a year in interest and simplify our balance sheet.”
The exchange offer allows holders of convertible notes to receive the same number of shares of the company’s
common stock as they would receive upon conversion of the convertible notes in accordance with their current
terms, plus a cash premium and accrued and unpaid interest.
For each $1,000 principal amount of convertible notes validly tendered, note holders will receive 83.0703 shares
of the company’s common stock, which represents a conversion price of approximately $12.04 per share. In
addition, per each $1,000 principal amount of convertible notes, the company will offer note holders a cash
payment of $48.30 as well as accrued and unpaid interest up to, but excluding, the exchange date.
The offer is scheduled to expire at 5:00 p.m., New York City time, on December 5, 2007. As of November 6,
2007, there was $349,798,000 principal amount of convertible notes outstanding.
Copies of the prospectus may be obtained from the exchange agent, Wells Fargo Bank, N.A., Corporate Trust
Operations, Sixth and Marquette, MAC N0303-121, Minneapolis, Minn. 55479, telephone (800) 344-5128.
Goodyear has engaged Goldman, Sachs & Co., telephone (800) 828-3182, to act as dealer manager in connection
with the exchange offer.
Holders of convertible notes are urged to read the prospectus and related exchange offer materials when
they become available because they contain important information. The prospectus and other related
documents filed with the Securities and Exchange Commission may be obtained free of charge from the
exchange agent or at the SEC’s website, www.sec.gov.
A registration statement relating to these securities has been filed with the SEC but has not yet become
effective. These securities may not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of
6. any such jurisdiction.
Goodyear is one of the world’s largest tire companies. The company employs about 70,000 people and
manufactures its products in more than 60 facilities in 26 countries around the world. For more information about
Goodyear, go to www.goodyear.com/corporate.
Certain information contained in this press release may constitute forward-looking statements for purposes of
the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors,
many of which are beyond the company’s control, which affect its operations, performance, business strategy and
results and could cause its actual results and experience to differ materially from the assumptions, expectations and
objectives expressed in any forward-looking statements. These factors include, but are not limited to: actions and
initiatives taken by both current and potential competitors; increases in the prices paid for raw materials and
energy; the company’s ability to realize anticipated savings and operational benefits from its cost reduction
initiatives, including those expected to be achieved under the company’s master labor contract with the United
Steelworkers (USW) and those related to the closure of certain of the company’s manufacturing facilities; whether
or not the various contingencies and requirements are met for the establishment of a Voluntary Employees’
Beneficiary Association (VEBA) to provide healthcare benefits for current and future USW retirees; potential
adverse consequences of litigation involving the company; pension plan funding obligations; as well as the effects
of more general factors such as changes in general market or economic conditions or in legislation, regulation or
public policy. Additional factors are discussed in the company’s filings with the Securities and Exchange
Commission, including the company’s annual reports on Form 10-K, quarterly reports on Form 10-Q and current
reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today and
should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update
forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our
estimates change.
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