HF

By TT News| May 01, 2021

Cooper Tire Stockholders Approve Proposed Merger With Goodyear

Cooper Tire & Rubber said its stockholders ‘overwhelmingly’ voted to approve the agreement and plan of merger with The Goodyear Tire & Rubber, which was announced in February.

At a special meeting of Cooper stockholders held yesterday, approximately 99 percent of votes cast were in favour of the transaction. Goodyear is not required to hold a vote of its stockholders to approve the merger agreement.

“We are pleased with the strong support of our stockholders for the proposed business combination of Cooper and Goodyear as all proposals related to the acquisition were approved,” said John Holland, Cooper Chairman. “This step is an important one in the process of bringing together our two companies to continue to meet the needs of customers, consumers and other stakeholders around the world while driving value for shareholders.”

Cooper will provide final special meeting vote results, as certified by the independent Inspector of Election, on a Form 8-K that will be filed with the U.S. Securities and Exchange Commission. (TT)

Share This Article


Please login to add a comment

Article Reviews

Subscribe to our Magazines

Get the latest news in the Automotive & Tyre industry.

Subscribe