Cooper Tire (CTB) Misses Q4 EPS by 17c, Revenues Miss; Confirms Deal to be Acquired by Goodyear Tire (GT)
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Goodyear Tire (GT) to Acquire Cooper (CTB) in $2.5 Billion Deal
February 22, 2021 7:01 AM ESTThe 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... More
Cooper Tire (CTB) Declares $0.105 Quarterly Dividend; 1% Yield
February 18, 2021 4:49 PM ESTCooper Tire (NYSE: CTB) declared a quarterly dividend of $0.105 per share, or $0.42 annualized.
The dividend will be payable on March 26, 2021, to stockholders of record on March 1, 2021, with an ex-dividend date of February 26, 2021.
The annual yield on the dividend is 1 percent.
For... More
