The new Discoverer Rugged Trek from Cooper Tire & Rubber Co. is an all-season tire "made for off-road adventuring, while offering outstanding on-road performance for everyday use," according to Cooper officials.
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."
Cooper Tire & Rubber Co. stockholders overwhelmingly voted to approve the agreement to merge with Goodyear Tire & Rubber Co. About 99% of Cooper shareholder votes were cast in favor of the transaction.
"The Coopers are ready to rock," declares Cooper Tire & Rubber Co., which is partnering with rocker Alice Cooper on Driven to Perform, a nationwide garage band contest.
Tire industry analyst and MTD columnist John Healy tracks Goodyear Tire & Rubber Co. and Cooper Tire & Rubber Co. very closely. In this MTD exclusive, Healy offers more thoughts about what Cooper’s brands bring to Goodyear, what will happen to Cooper after Goodyear completes its acquisition and more.
Cooper Tire & Rubber Co. has launched the Discoverer Rugged Trek, an all-season SUV tire "made for off-road adventuring, while offering outstanding on-road performance for everyday use," according to Cooper officials.
Three Cooper Tire & Rubber Co. stockholders allege the tiremaker violated federal securities laws and have filed court cases related to Cooper’s pending acquisition by Goodyear Tire & Rubber Co.
As the industry waits for the next steps in the Goodyear-Cooper deal to be revealed, it’s interesting to note that Cooper Tire & Rubber Co. joined forces with another competitor, Pirelli Tire North America Inc., more than two decades ago.
