Goodyear Acquires Tiremaker Rival Cooper For $2.5B
Goodyear Tire Rubber Co (NASDAQ: GT ) is acquiring rival Cooper Tire Rubber Co (NYSE: CTB ) for $2.5 billion. Akron, Ohio-based Goodyear was founded in 1898 and employs about 62,000 people working in 46 facilities in 21 countries. Findlay, Ohio-based Cooper Tire was founded in 1914 and has a 10,000-person workforce spread across 10 manufacturing facilities in 15 countries. What Happened: The combined company will be headquartered in Akron and have approximately $17.5 billion in pro forma 2019 sales. In a statement released by the companies, the acquisition was defined as being able to “leverage the strength of … Full story available on Benzinga.com
Goodyear Acquires Tiremaker Rival Cooper For $2.5B
Goodyear Tire Rubber Co (NASDAQ: GT ) is acquiring rival Cooper Tire Rubber Co (NYSE: CTB ) for $2.5 billion. Akron, Ohio-based Goodyear was founded in 1898 and employs about 62,000 people working in 46 facilities in 21 countries. Findlay, Ohio-based Cooper Tire was founded in 1914 and has a 10,000-person workforce spread across 10 manufacturing facilities in 15 countries. What Happened: The combined company will be headquartered in Akron and have approximately $17.5 billion in pro forma 2019 sales. In a statement released by the companies, the acquisition was defined as being able to “leverage the strength of … Full story available on Benzinga.com