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You are here: Home1 / News2 / Product News3 / Kumho Says It Has Share Buyer

Kumho Says It Has Share Buyer

Date: 30th July 2008 Author: Admin Comments: 0

Kumho Asiana Group claims it has found an investor to buy out Cooper Tire & Rubber Co.’s share in Kumho Tire Co. The unnamed buyer would take over Cooper’s 11% stake in the South Korean tiremaker, shares valued at around $110 million.

“We have found an investor to take over the Kumho Tire stake and we are at the final stage of closing the deal,” said a Kumho Asiana official in news reports. “We should be able to announce the details soon, on around August 1. The investor is foreign.” (Tire Review/Akron)

Related news:

  1. Kumho Sets IPO Prices
  2. Analysts – First Quarter Tough for Cooper
  3. Cooper to Sell 10.71% Kumho Share
  4. Cooper Unloads its Kumho Share
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Cooper, Kumho, Product News, rubber, shares

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