56 days ago • Posted by William Ramstein

Goodyear wants to acquire Cooper Tire & Rubber for $2.8 billion

Goodyear Tire & Rubber Co said it would buy Cooper Tire & Rubber Co  in a $2.8 billion deal to beef up its portfolio in the high-margin light truck and SUV segments and strengthen its presence in North America and China. Shares of Cooper, which has historically had stronger margins than Goodyear, jumped 20% in morning trade while Goodyear stock was up 3.4%. Source: Yahoo