# Goodyear acquires Cooper Tire for $2.5 billion

Goodyear has entered a definitive agreement to acquire rival tire manufacturer Cooper Tire for $2.5 billion. Cooper shareholders will receive $41.75 per share in cash and 0.907 shares of Goodyear common stock per share. The merger is expected to close in the second half of 2021.

- Type: Acquisition
- Announced: 2021-02-23
- Where: United States
- Value: $2.50B
- Status: announced
- Products: tires
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Goodyear](https://endata.com/companies/20717.md) (acquirer)
- [Cooper Tire](https://endata.com/companies/53415.md) (target)

## Sources

- [gmauthority.com](https://gmauthority.com/blog/2021/02/goodyear-acquires-rival-tire-manufacturer-cooper-for-2-5b/), 2021-02-23: "This is an exciting and transformational day for our companies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.