Goodyear to acquire Cooper Tire for $2.5 billion

The Goodyear Tire & Rubber Company announced it will acquire Cooper Tire & Rubber Company in a transaction with a total enterprise value of approximately $2.5 billion, combining two complementary brand portfolios.

“The Goodyear Tire & Rubber Company and Cooper Tire & Rubber Company today 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.”news.goodyear.com

• 2 sources
• news.goodyear.comGoodyear to Acquire Cooper, Creating Stronger U.S.-Based Leader in Global Tire Industry - Feb 22, 2021Feb 22, 2021
• rvbusiness.comGoodyear to Acquire Cooper Tire & Rubber for $2.5B - RVBusiness - Breaking RV Industry NewsGary GerardFeb 22, 2021

Summarized from public sources; check the original articles before acting on it.