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Cooper Tire says Chengshan JV independently valued at ~$440M

Aug. 26, 2014 6:06 PM ETThe Goodyear Tire & Rubber Company (GT) StockBy: Carl Surran, SA News Editor
  • Cooper Tire (CTB) says its joint venture with Chengshan Group has been valued at ~$440M by an independent firm responsible for determining a fair market value for the venture on a stand-alone basis.
  • Chengshan now has 45 days to decide to purchase CTB's 65% interest or opt to sell its own 35% interest to CTB; in any event, CTB says the JV still would produce Cooper Tire-brand products for a minimum of three years.

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