FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “The Goodyear Tire & Rubber Company to Acquire the Cooper Tire & Rubber Company”
The Goodyear Tire & Rubber Company (NASDAQ: GT) gained over 14% in premarket trading after agreeing to acquire the Cooper Tire & Rubber Company.
The transaction, valued at a total enterprise value of approximately 2.5 billion dollars, will expand Goodyear’s product offering by combining two portfolios of complementary brands.
Goodyear is one of the world’s largest tire companies. It employs about 62,000 people and manufactures its products in 46 facilities in 21 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.
Cooper Tire & Rubber Company is the parent company of a global family of companies that specializes in the design, manufacture, marketing and sale of passenger car, light truck, medium truck, motorcycle and racing tires. Cooper’s headquarters is in Findlay, Ohio, with manufacturing, sales, distribution, technical and design operations within its family of companies located in 15 countries around the world.
For more information, please visit: The Goodyear Tire & Rubber Company
About The Buzz: A Financial Buzz Show on daily news, covering the most up to date financial information. The Buzz intends to provide factual and relevant information for its audience. The Buzz is 100% original content, created by Financial Buzz Media. Located on Wall Street in the heart of New York City’s financial district, FinancialBuzz.com is a credible source for the world’s latest trending financial and economic news. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content.