Goodyear to sell Dunlop brand to Sumitomo Rubber in $701M deal (NASDAQ:GT)

Goodyear Tire & Rubber (NASDAQ:GT) said Tuesday it agreed to sell its Dunlop tire brand to Japan’s Sumitomo Rubber Industries for $701M in cash.

Under the deal terms, Goodyear (GT) said it will continue to manufacture, sell and distribute Dunlop