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Print WHITELAND, Ind. Cooper Tire & Rubber Co. has dedicated a 1-million-sq.-ft. distribution center in Whiteland, Ind., providing the tire maker with more capacity to store and ship tires. The facility replaces an existing D/C in nearby Franklin, Ind. Employees at the older facility will transition to the new building. The Whiteland facility, originally announced in June 2020, is one of six regional D/Cs Cooper operates in the U.S., and is part of the company s North America distribution network. Cooper also operates warehouses at its three U.S. tire plants along with two mixing warehouses. All the facilities are set to become part of Goodyear, once that $2.5 billion deal clears regulatory hurdles and is approved. ....
Cooper Tire opens distribution center in Whiteland, Indiana tirebusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tirebusiness.com Daily Mail and Mail on Sunday newspapers.
FTC paves way for Goodyear-Cooper deal to close Print AKRON It may not be too much longer before the Cooper Tire & Rubber Co. becomes part of Goodyear. The Federal Trade Commission (FTC) recently paved the way for Goodyear’s $2.5 billion cash-and-stock deal to acquire Cooper to close in the third quarter, if not sooner. According to a May 13 Goodyear filing with the Securities and Exchange Commission, the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 which establishes waiting periods before such acquisitions can be completed expired May 10, essentially granting regulatory approval in the U.S. The FTC classifies the expiration of the HSR Act as the last of five steps in the U.S. regulatory process, with the first potential outcome of the expiration of HSR as this: “Close the investigation and let the deal go forward unchallenged.” ....
FTC paves way for Goodyear-Cooper deal to close rubbernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rubbernews.com Daily Mail and Mail on Sunday newspapers.
Bidenâs $86 Billion Pension Rescue Set to Boost Corporate Bonds May 14 2021, 5:45 AM May 13 2021, 7:59 PM May 14 2021, 5:45 AM (Bloomberg) U.S. President Joe Bidenâs pension bailout might do more than just support troubled retirement plans. It could also spur tens of billions of dollars in demand for corporate bonds with the lowest investment-grade ratings, according to Citigroup Inc. (Bloomberg) U.S. President Joe Bidenâs pension bailout might do more than just support troubled retirement plans. It could also spur tens of billions of dollars in demand for corporate bonds with the lowest investment-grade ratings, according to Citigroup Inc. ....