Yahoo Finance Reports Chinese National Chemical Corporation Has Offered $7.7 Billion U.S. To Buy Pirelli

Yahoo Finance Reports Chinese National Chemical Corporation Has Offered $7.7 Billion U.S. To Buy Pirelli

© 2015, Roadracing World Publishing, Inc.

Read about it here:

http://finance.yahoo.com/news/chemchina-buy-italia…

The implications for Pirelli’s worldwide racing activities are unknown, but the deal will give Chem China’s tire unit –China National Tire & Rubber–access to advanced tire-building technology.

It’s also unknown if the deal, which has been accepted by Pirelli shareholders, will attract other offers before being finalized.

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