
Goodyear to buy Cooper Tire for US$2.8 billion, nearly doubling China presence
Goodyear Tire & Rubber Co said on Monday it would acquire Cooper Tire & Rubber Company for about US$2.8 billion to double its presence in North America and China. REUTERS: Goodyear Tire & Rubber Co said it would buy Cooper Tire & Rubber Co in a US$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…