Tire unit sales are expected to be higher than the 1995 quarter. Bandag earnings slide despite sales increase MUSCATINE, Iowa-Bandag Inc.'s earnings fell 19.3 percent to $20.1 million during the second quarter as sales edged up 3.3 percent to $188.9 million, compared with the year-earlier quarter. Results for the first half of the year mirrored those for the quarter. Net income dropped 19.2 percent to $36 million on a sales increase of 2.3 percent to $359.2 million, compared with the 1995 period. TBC Corp. finalizes Big O acquisition MEMPHIS, Tenn.-TBC Corp. acquired all the outstanding shares of Big O Tires Inc. after receiving approval of Big O stockholders during a special meeting July 10. Under the agreement, Big O stockholders received $16.47 per share. The total value of the acquisition is estimated at $56 million.