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A group is buying Dunlop’s U.S. tire operations.

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Management participants are among the purchasing group, which is being led by First Boston. The group reportedly is paying $118 million for the U.S. tire operations of Dunlop Holdings. Consideration also includes repayment of about $60 million of loans. Dunlop Holdings, the British parent, said the deal is expected to be completed July 2.

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