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Goodyear announces the formal completion of the acquisition of Cooper Tire

 Last Update: 2021-07-20
 Source: Internet
 Author: User

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According to foreign media reports on June 8, Goodyear Tire announced on June 7 that it has officially completed the acquisition of Cooper Tire
.
At the same time, the previously announced merger agreement was confirmed
.

Goodyear Global Chairman, CEO and President Richard J.
Kramer (Richard J.
Kramer) said that he is very happy to merge with Cooper
.
Both parties focus on customers, innovative development and high-quality products, as well as mobility solutions.
The results of these related aspects will be combined into one, which will help Goodyear expand its scale and invest in new mobility and fleet solutions
.

He also said that the acquisition will further strengthen Goodyear's position in the global market
.
The combined company can provide users with a full range of product matrices
.

It is understood that on February 22, Goodyear announced the purchase of Cooper Tire for approximately US$2.
5 billion
.
According to the terms of the transaction, Cooper Tire’s shareholders will receive US$41.
75 in cash and 0.
907 shares of Goodyear per share, with a total value of approximately US$2.
8 billion
.
Goodyear shareholders will hold 84% of the combined company, and Cooper shareholders will hold the remaining 16%
.

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