Jun. 12, 2013, 2:05 PMExecs with Cooper Tire & Rubber (CTB +40.5%) said all the right things at a press conference on the company's buyout by Indian company Apollo Tyres. None of the three Cooper manufacturing plants in the U.S. will be closed and the deal is a good match with very little overlap between the tire producers, according to the officials. Though peer Goodyear Tire & Rubber (GT +2.3%) got a lift off of the M&A news in the sector, investors are warned by Paul Monica to curb their enthusiasm that another major takeout in the sector is imminent. | Comment!
Jun. 6, 2012, 6:22 PMGoodyear (GT) is acquiring full ownership of its Japan-based Nippon Giant Tire (NGT) subsidiary, buying out the minority stakes held by Toyo Tire & Rubber and Mitsubishi for an undisclosed sum. Goodyear adds it will invest $250M in NGT, which makes off-road tires, to upgrade and expand its manufacturing facility. | 1 Comment
GT vs. ETF Alternatives
Goodyear Tire & Rubber Co is a manufacturer of tires and rubber products. It also manufactures and markets several lines of power transmission belts, other rubber products and rubber-related chemicals for various applications.
Other News & PR