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Actionable news in GT: The Goodyear Tire & Rubber Company,

Activist investor Marcato urges Goodyear to return $4.5 billion to investors

Through June, Goodyear had repurchased $563 million of the $1.1 billion it said it would buy back by the end of this year.

Activist investor Marcato Capital Management LP is pushing Goodyear Tire & Rubber Co. to return $4.5 billion to investors over the next three years in a bid to boost the tire giant’s flagging stock price.

In a letter to the Goodyear’s GT, +5.28% board Tuesday, the activist hedge fund says it is “impressed” by Goodyear’s management...