autoevolution 8 Mar 2021, 12:30 UTC ·
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Founded in 1914 as the M and M Manufacturing Company, the Cooper Tire & Rubber Company is one of the rubber industry s biggest players. After a difficult 2020 because of the sanitary crisis, the Findlay-based business financial health has been further dented by a large recall. 1 photo
As you already know from the headline, exactly 430,298 tires are called back over
“bulges or separations in the sidewall.” A bulge is typically caused by hitting road hazards such as curbs or potholes, while tread separation can usually be explained by underinflation. On this occasion, however, Cooper blames a couple of
“production variations.”
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Goodyear to Acquire Cooper, Creating Stronger U.S.-Based Leader in Global Tire Industry
Mar 03, 2021 2:45 PM ET Legal Newswire POWERED BY LAW.COM
The Goodyear Tire & Rubber Company and Cooper Tire & Rubber Company announced that they have entered a definitive transaction agreement under which Goodyear will acquire Cooper in a transaction with a total enterprise value of approximately $2.5 billion. The transaction will expand Goodyear s product offering by combining two portfolios of complementary brands. It will also create a stronger U.S.-based manufacturer with increased presence in distribution and retail channels while combining both companies strengths in the highly profitable light truck and SUV product segments. The combined company will have approximately $17.5 billion in pro forma 2019 sales.
/PRNewswire/ Apex Global Brands, Inc. (OTC: APEX) Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection.