Reports: Doublestar/Kumho acquisition close to collapse

Doublestar’s proposed acquisition of Kumho is reportedly close to collapse after the Qingdao-Chinese tyre manufacturer asked for a double-digit discount. According to reports in the Nikkei, Kumho’s major shareholders are planning to write to Doublestar asking the firm to agree to the end of bid talks between the two parties.

The rest of this article is for subscribers only:
Log inSubscribe

Comments closed