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Company Press release: The U.S. subsidiary of Bridgestone Corporation agrees to acquire Bandag, Incorporated in Cash Merger

( December 5, 2006, 16:21 GMT | Official Statement) -- Extract: Bridgestone Corporation announced today that Bridgestone Americas Holding, Inc. ("BSAH"), the U.S. subsidiary of the Bridgestone Corporation, and Bandag, Incorporated ("Bandag") [NYSE: BDG and BDGA] have entered into a merger agreement pursuant to which BSAH will acquire the outstanding shares of each class of stock of Bandag for US$50.75 per share in cash. The transaction is valued at US$1.05 billion.Tokyo (December 5, 2006) - Bridgestone Corporation announced today that Bridgestone Americas Holding, Inc. ("BSAH"), the U.S. subsidiary of the Bridgestone Corporation, and Bandag, Incorporated ("Bandag") [NYSE: BDG and BDGA] have entered into a merger agreement pursuant to which BSAH will acquire the outstanding shares of each class of stock of Bandag for US$50.75 per share in cash. The transaction is valued at US$1.05 billion....

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