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2024

CEAT shares surge 9% on Camso off-highway tyre acquisition

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CEAT Share Price: CEAT's shares surged over 9% after announcing a $225 million acquisition of off-highway tire assets from Michelin. This deal includes the Camso brand and two manufacturing facilities, boosting CEAT's presence in a high-margin sector. Brokerages predict significant EPS growth and view the acquisition positively, despite potential increased leverage.



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