Goodyear to buy Texarkana-based Cooper Tire & Rubber Company in $2.5 billion deal Goodyear Wingfoot 3 Blimp July 2019 (Source: KSWO) By Fred Gamble | February 22, 2021 at 1:26 PM CST - Updated February 23 at 2:23 AM
TEXARKANA (KSLA) - Since 1964, Cooper Tire & Rubber Company has been associated with Texarkana, but as of Monday, Feb. 22, work there will continue, but in the near future, the name will be different.
Representatives with United Steelworkers Union met in a scheduled meeting Monday morning to finalize a collective bargaining agreement with Cooper Tire & Rubber Company. Before the meeting began, Union President Kerry Halter received a surprise announcement from corporate headquarters.
“It threw us a curve ball. We are not sure what that entails. Sometime it’s good news, sometime it’s bad,” said Halter.
By Tom Moore
Feb 22, 2021
(Akron) - Akron-based Goodyear Tire & Rubber Company, and Findlay-based Cooper Tire & Rubber Company will become one company, as Goodyear is buying Cooper in a deal worth about $2.5 billion. The deal was announced Monday morning. The headquarters will remain in Akron, but there will still be some operations in Findlay.
Goodyear says the transaction will combine two portfolios of complementary brands, and created a stronger tire manufacturer.
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NEW YORK, Feb. 22, 2021 (GLOBE NEWSWIRE) Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Cooper Tire & Rubber Company (NYSE: CTB) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by The Goodyear Tire & Rubber Company (NASDAQ: GT). Click here to learn more and participate in the action. On February 22, 2021, Cooper announced that it had signed an agreement to be acquired by Goodyear for approximately $2.8 billion. Pursuant to the merger agreement, Cooper stockholders will receive $41.75 in cash and 0.907 shares of Goodyear common stock for each share of Cooper common stock owned. The deal is scheduled to close in the second half of 2021. Bragar Eagel & Squire is concerned that Cooper’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Ac