Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Mar. 3, 9:37 PM
Slide #81. The Goodyear Tire & Rubber Company — Cooper Tire & Rubber Company
| Acquirer: |
The Goodyear Tire & Rubber Company (GT) |
| Acquiree: |
Cooper Tire & Rubber Company (CTB) |
| Details: |
The Goodyear Tire & Rubber Company (Nasdaq: GT) and Cooper Tire & Rubber Company (NYSE: CTB) today announced that they have entered a definitive transaction agreement under which Goodyear will acquire Cooper in a transaction with a total enterprise value of approximately $2.5 billion. The transaction will expand Goodyear's product offering by combining two portfolios of complementary brands. It will also create a stronger U.S.-based manufacturer with increased presence in distribution and retail channels while combining both companies' strengths in the highly profitable light truck and SUV product segments. The combined company will have approximately $17.5 billion in pro forma 2019 sales. |
Goodyear Tire & Rubber develops, manufactures, distributes and sells tires and related products and services worldwide. Co. manufactures and markets various lines of rubber tires for: automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications. Co. manufactures and sells tires under the Goodyear, Dunlop, Kelly, Debica, Sava and Fulda brands and various other Goodyear owned house brands, and the private-label brands of certain customers. Co. operates its business through three operating segments representing its regional tire businesses: Americas; Europe, Middle East and Africa; and Asia Pacific.
GT SEC Filing Email Alerts Service
Preferreds: GT.PRA, GTPPP
Open the GT Page at The Online Investor » Goodyear Tire & Rubber develops, manufactures, distributes and sells tires and related products and services worldwide. Co. manufactures and markets various lines of rubber tires for: automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and various other applications. Co. manufactures and sells tires under the Goodyear, Dunlop, Kelly, Debica, Sava and Fulda brands and various other Goodyear owned house brands, and the private-label brands of certain customers. Co. operates its business through three operating segments representing its regional tire businesses: Americas; Europe, Middle East and Africa; and Asia Pacific.
GT SEC Filing Email Alerts Service
Preferreds: GT.PRA, GTPPP
Open the CTB Page at The Online Investor »
| Company Name: |
| Goodyear Tire & Rubber Co. |
| Stock buyback: |
| GT buyback |
| Website: |
| www.goodyear.com |
| Sector: |
| Rubber & Plastics |
| Number of ETFs Holding GT: |
| 41 |
| Total Market Value Held by ETFs: |
| $744.12M |
| Total Market Capitalization: |
| $4.05B |
| % of Market Cap. Held by ETFs: |
| 18.39% |
|
| Company Name: |
| Cooper Tire & Rubber Co. |
| Stock buyback: |
| CTB buyback |
| Website: |
| www.coopertire.com |
| Sector: |
| Auto Parts |
| Number of ETFs Holding CTB: |
| 53 |
| Total Market Value Held by ETFs: |
| $669.63M |
| Total Market Capitalization: |
| $2.89B |
| % of Market Cap. Held by ETFs: |
| 23.19% |
|
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