American Tire in Talks With Sponsors as Support Unit Revamps –

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(Bloomberg) — American Tire Distributors Inc. is overhauling part of its business, cutting jobs and talking with sponsors about how to steady and grow the company after the makers of Goodyear and Bridgestone pulled most of their business. The company’s distressed bonds rose. The reorganization at American Tire’s field support center includes dismissing 100 employees, according to a person with knowledge of the matter.

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