Firestone
The tire brand Firestone had the opportunity to merge with the Italian company named Pirelli. However, the deal did not sit well with Firestone, which is why they decided to sell to a Japanese company called Bridgestone Corp for $2.6 million. Firestone’s decision to be bought by the Tokyo-based corporation proved to be an excellent choice as they went on to become the second-biggest tire manufacturer in the country. According to a Firestone representative, “The Bridgestone offer achieves our objective of enhancing shareholder values and will add materially to the employment security and career opportunities available to the men and women employed by Firestone’s existing businesses.”
Firestone
Gerber
In 2007, Nestle announced its plan of acquiring Gerber Products Company for $5.5 billion. This was a right decision by Nestle for this meant that they would be the biggest manufacturer in the baby food sector. The baby food retailer started in the industry in 1927 when Daniel Frank Gerber’s wife made food for their baby. Daniel thought that it would be a good idea to sell the food as a product, and since then, the company has gone a long way since its humble beginnings in New Jersey.
Gerber
