Goodyear approached Cooper Tire regarding multi-billion-dollar acquisition
“When Rich [Kramer] approached us we weren’t looking to sell”, Cooper Tire president and CEO told journalists during a recent virtual press conference (Photo: Cooper)
Cooper Tire wasn’t initially looking to sell when Goodyear chief executive Rich Kramer approached the company, Cooper’s president and CEO told journalists in a virtual press conference on 22 February 2021. Rather, Cooper’s management and board were convinced by Goodyear’s “compelling offer” and “strategic logic”. So, what exactly was it that convinced Cooper’s leadership team?
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