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Cooper shareholders agree Goodyear merger | Automotive Trade Information
Cooper Tire says its shareholders have “overwhelmingly” voted to approve the settlement and merger plan with Goodyear, introduced 22 February, 2021.
At a particular assembly of Cooper stockholders, round 99% of votes solid had been in favour of the transaction.
Goodyear shouldn’t be required to carry a vote of its stockholders to approve the merger settlement.
“We’re happy with the sturdy help of our stockholders for the proposed enterprise mixture of Cooper and Goodyear as all proposals associated to the acquisition had been accepted,” stated Cooper chairman, John Holland.
“This step is a crucial one within the means of bringing collectively our two corporations to proceed to satisfy the wants of consumers, customers and different stakeholders around the globe whereas driving worth for shareholders.”
Cooper and Goodyear are persevering with to work in direction of closing the transaction, which stays topic to the receipt of required regulatory approvals and the satisfaction of customary closing circumstances.
Cooper will present closing particular assembly vote outcomes, as licensed by the unbiased Inspector of Election, on a Kind 8-Okay, that will likely be filed with the US Securities and Change Fee.