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Goodyear Is Buying Cooper Tire For $2.5 Billion
Goodyear Tire & Rubber Company announced Monday that it was buying Cooper Tire & Rubber Company for $2.5 billion. The announcement is extremely Ohio.
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Cooper Tire spikes 27% after Goodyear agrees to buy it for $2.8 billion
Goodyear is splits between what Chief Technology Officer Chris Helse calls "tires and beyond-tires."
Matthew Pearce/Icon Sportswire via Getty Images
Shares of Cooper Tire surged 27% on Monday on news that Goodyear Tire will acquire the company for $2.8 billion.
Goodyear shares traded 16% higher on the announcement.
Cooper shareholders will receive $41.75 per share in cash and 0.907 shares of Goodyear common stock per Cooper share,
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Shares of Cooper Tire & Rubber Company surged 27% on Monday on news that Goodyear Tire &...
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