Goodyear Mandatory Convertible Preferred Stock Priced at $50 per Share

The Goodyear Tire & Rubber Company GT today announced that its public offering of 8.7 million shares of its mandatory convertible preferred stock was priced at $50 per share. In addition, the underwriters have an option to purchase up to an additional 1.3 million shares of mandatory convertible preferred stock. The offering is expected to close on March 31, 2011, subject to customary closing conditions.