Goodyear Tire & Rubber is buying Cooper Tire & Rubber for $2.5 billion. Cooper shareholders will receive $41.75 and 0.907 shares of Goodyear stock for each share of their company. After the deal closes, Goodyear shareholders will own 84% of the combined company and Cooper shareholders will own the remaining 16%. The deal is expected to close in the second half of 2021.
Goodyear Tire & Rubber is buying Cooper Tire & Rubber for $2.5 billion. Cooper shareholders will receive $41.75 and 0.907 shares of Goodyear stock for each share of their company. After the deal closes, Goodyear shareholders will own 84% of the combined company and Cooper shareholders will own the remaining 16%. The deal is expected to close in the second half of 2021. 
corporate.goodyear.com
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