AKRON (Feb. 5)—Goodyear's stock closed at $4.30 Tuesday, down 87 cents from the previous day. It was the biggest block of trading, with more than 12 million shares trading hands, on Goodyear's stock since 1986 following a company takeover attempt by James Goldsmith. The drop came on the heals of a report issued by Saul Rubin, an analyst with New York-based UBS Warburg L.L.C., which in part said the tire maker is in danger of a liquidity crunch within three years and could face bankruptcy during that span. The company's board of directors earlier in the day eliminated Goodyear's quarterly dividend of 12 cents per share, which will provide the firm with an expected annualized cash flow benefit of about $84 million.
Goodyear's stock drops
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