Goodyear-Cooper Deal Could Close Earlier
Goodyear Tire & Rubber Co.'s acquisition of Cooper Tire & Rubber Co. is expected to finalize during the second half of 2021, as originally projected, according to Cooper President and CEO Brad Hughes.
"However, the transaction could close earlier, following and subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals," Hughes stated during Cooper's first quarter 2021 financial results press release.
"Cooper looks forward to being part of a stronger combined organization that represents the best of what our both companies have to offer to customers, consumers and shareholders."
On April 30, Cooper shareholders approved the Goodyear-Cooper deal.
“We are pleased with the strong support of our stockholders for the proposed business combination of Cooper and Goodyear as all proposals related to the acquisition were approved,” says John Holland, chairman of Cooper's board.
“This step is an important one in the process of bringing together our two companies to continue to meet the needs of customers, consumers and other stakeholders around the world while driving value for shareholders.”