• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Tyre Tests
  • Search
  • Menu
You are here: Home1 / takeover

Posts

Trelleborg: No reason Yokohama deal shouldn’t be approved

Company News, International News, UK News

Following the news that the UK Competitions and Market Authority (CMA) has opened an investigation into Yokohama’s acquisition of Trelleborg Wheel Systems (TWS), Trelleborg representatives have clarified that – in their view – “…there are no reasons why this deal should not be approved.”

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Competition and Markets Authority opens Yokohama/Trelleborg Wheel Systems merger investigation
  2. Lower raw material exposure and better ESG profile – What Trelleborg gains from TWS sale
  3. Trelleborg Group Buys PSS
  4. Fintyre to open London head office
31st January 2023/0 Comments/by Chris

Is Nokian Tyres a takeover target?

Company News, International News
Nokian Tyres

How the Russia-Ukraine war, the company’s low share price and other challenges make Nokian Tyres prime takeover material for a premium brand with the money and desire

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Nokian Tyres: “substantial uncertainties” relating to timing of Tatneft deal closure
  2. Nokian Tyres investing 650 million euros in greenfield factory in Romania
  3. Solidium: Nokian Tyres Romania plans offer ‘good prospects for building the business on a new basis’
  4. Sentury internationalising with US tyre factory investment
24th January 2023/0 Comments/by Chris

OTR tyremaker Huitong transitions to new ownership

International News
Huitong

On 14 June 2022 Hou Yugang, chairman of Zaozhuang Mining Group, went to Zhongxing Huitong Tire for research purposes. During his public speech, Hou Yugang affirmed that Zaozhuang Mining Group’s takeover of OTR tyre specialist Huitong had transitioned smoothly following the transfer of equity.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Aeolus Placing a Focus upon Quality
  2. Sinochem International Buys 51% of GMG
  3. For Yinbao Tyre, imitation is the highest form of flattery
  4. China establishing rubber Free Trade Zone in Sri Lanka
21st June 2022/by Xuda Wang

Nankang Tyre took over “management rights” of Federal in Q4 2021

Company News, International News

According to Federal Corporation’s 2021 annual report, which was published in mid-May 2022, on 15 October 2021, “major shareholder Nankang Rubber Tire Corp. Ltd. Nankang Rubber Tire Corp., Ltd…called an extraordinary shareholders’ meeting to obtain the management right[s].” Federal and Nankang representatives have been contacted by Tyres & Accessories for comment.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Taiwan-based tyre manufacturers raising prices
  2. Nankang employee arrested for alleged kickbacks
  3. Groundbreaking held for Federal Tyres’ newest factory
  4. Fire stops production at Federal’s Chungli tyre plant
17th June 2022/by Chris

Lower raw material exposure and better ESG profile – What Trelleborg gains from TWS sale

Company News, International News
Trelleborg

Apart from the 2.1-billion-euro price tag what does Trelleborg Group stand to gain from the sale of its Trelleborg Wheel Systems business unit?

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Yokohama offers US$2 billion for Trelleborg Wheel Systems as global off-highway tyre segment consolidates
  2. Yokohama confirms 2.1 billion euro Trelleborg Wheel Systems acquisition
  3. Trelleborg group sales relatively good, but tyre sales impacted
  4. Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion
25th March 2022/by Chris

HELLA and Faurecia to cooperate in the independent aftermarket

Company News
Forvia

Following the news that HELLA and Faurecia are joining forces, the two automotive suppliers have announced that they will be operating jointly in the aftermarket. This means that Faurecia products will soon also be available through HELLA’s aftermarket division. By bundling activities, not only do customers benefit from a comprehensive range of services, but above all from a significantly expanded product spectrum.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Faurecia acquires Hella
  2. New Timax Catalogue Published
  3. Bohnenkamp takes over Starco’s main aftermarket operation in “strategy of strengths”
  4. Bosch acquiring Unipart’s Autoparts Garage Programmes
14th February 2022/by Peter Gardner

Cooper Tire joins the Goodyear team

Company News, International News
Cooper Tire

Cooper Tire has “officially joined the Goodyear team”. That’s how Cooper Tire general manager EMEA, Jaap Van Wessum characterised the takeover of the company by fellow US tyremaker Goodyear, which was completed on 7 June 2021. Van Wessum also offered further details of what Cooper’s integration into Goodyear means for Cooper suppliers and partners.

Read more

Related news:

  1. Goodyear set to buy Cooper Tire for US$2.5 billion
  2. The Goodyear/Cooper combination’s synergies; global headquarters to be in Akron
  3. Cooper shareholders approve Goodyear merger
  4. Fitch rating affirmation partially affirms Goodyear Cooper acquisition strategic logic
8th June 2021/by Chris

Goodyear completes Cooper Tire acquisition

Company News, International News

The Goodyear Tire & Rubber Company has confirmed that it has completed its acquisition of Cooper Tire & Rubber Company, finalizing the merger agreement announced on 22 February 2021. The announcement brought with it one or two more hints of how the synergisation of the two businesses might work.

Read more

Related news:

  1. Goodyear set to buy Cooper Tire for US$2.5 billion
  2. The Goodyear/Cooper combination’s synergies; global headquarters to be in Akron
  3. Cooper shareholders approve Goodyear merger
  4. Goodyear to regain number 3 global PCLT tyre volumes ranking – Astutus Research
7th June 2021/by Chris

Cooper will pay 197th consecutive dividend…probably

Company News, International News

With the confirmation of its 197th consecutive quarterly dividend (announced on 6 May 2021), Cooper Tire & Rubber reiterated its position as one of the most consistent dividend-payers out there. However, this time the normally prosaic dividend payment announcement statement was spiced up by a single condition.

Read more

Related news:

  1. Goodyear set to buy Cooper Tire for US$2.5 billion
  2. Goodyear and Cooper shares up 30% after takeover news
  3. Cooper shareholders approve Goodyear merger
  4. Goodyear to regain number 3 global PCLT tyre volumes ranking – Astutus Research
10th May 2021/by Chris

Cooper shareholders approve Goodyear merger

Company News, International News

Cooper shareholders approve proposed merger with Goodyear Cooper Tire & Rubber Company’s stockholders have voted overwhelmingly to approve the planned merger with The Goodyear Tire & Rubber Company. The vote was held at a special meeting of Cooper stockholders today. Cooper reports that approximately 99 per cent of votes cast were in favour of the transaction. Read our coverage of Goodyear’s acquisition of Cooper here, or in our special 12-page e-paper supplement.

Read more

Related news:

  1. Goodyear set to buy Cooper Tire for US$2.5 billion
  2. The Goodyear/Cooper combination’s synergies; global headquarters to be in Akron
  3. Fitch rating affirmation partially affirms Goodyear Cooper acquisition strategic logic
  4. Goodyear to regain number 3 global PCLT tyre volumes ranking – Astutus Research
30th April 2021/by Andrew

Goodyear to regain number 3 global PCLT tyre volumes ranking – Astutus Research

Company News, Premium, UK News

With the addition of the Cooper Tire business, Goodyear will return to the global number three ranking in passenger car and light truck (PCLT) tyre volumes in 2021. After previously holding the clear number three ranking behind the world’s largest tyre manufacturers, Bridgestone and Michelin, Goodyear was joint third with Continental in both 2017 and 2018. In 2019, Goodyear fell behind Continental to fourth position in 2019 and 2020. Working on a pro forma basis combining original equipment and replacement market tyres, Astutus Research data reveals some interesting facts about the nascent conjoined organisation, with reference to their largest tyre business segment in terms of volume.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Is Continental about to break into PCLT tyre global big 3?
  2. Goodyear set to buy Cooper Tire for US$2.5 billion
  3. The Goodyear/Cooper combination’s synergies; global headquarters to be in Akron
  4. Goodyear and Cooper shares up 30% after takeover news
3rd March 2021/by Andrew

Bumpy roads and leveraged buy-outs – reflections on the Goodyear/Cooper Tire integration

News

Goodyear’s $2.5 billion-dollar acquisition of Cooper is the biggest tyre industry news story of 2021 so far (click here for detailed analysis of the deal itself). But takeovers – especially those this big – are seldom easy. A large portion of the motivation behind the acquisition is to bolster Goodyear’s position in the high-value 4×4 and SUV tyre segments. So, with this in mind, what kind of terrain is the deal likely to encounter as the two companies make their way towards integration?

Read more

Related news:

  1. Goodyear set to buy Cooper Tire for US$2.5 billion
  2. Cooper shares up 40% following acquisition announcement
  3. Cooper takes suitor Apollo to court
  4. Goodyear and Cooper shares up 30% after takeover news
1st March 2021/by Chris

Fitch rating affirmation partially affirms Goodyear Cooper acquisition strategic logic

Company News, International News
PublicDomainPictures; Pixabay

The day after Goodyear announced that it is buying Cooper Tire for north of $2.5 billion, Fitch Ratings affirmed its Long-Term Issuer Default Ratings of The Goodyear Tire & Rubber Company (GT) and its Goodyear Europe B.V. (GEBV). Fitch also affirmed its ratings on a number of specific funding lines. Both moves can be interpreted as partially affirming the Goodyear Cooper acquisition’s strategic logic – something that was described as compelling by the senior executives of both companies.

Read more

Related news:

  1. Goodyear set to buy Cooper Tire for US$2.5 billion
  2. The Goodyear/Cooper combination’s synergies; global headquarters to be in Akron
  3. Cooper shareholders approve Goodyear merger
  4. Goodyear and Cooper shares up 30% after takeover news
24th February 2021/by Chris

Goodyear and Cooper shares up 30% after takeover news

Company News, International News
Google Finance

Goodyear’s takeover of Cooper Tire has been positively received by the stock markets, with Cooper’s share price jumping 31.8 per cent from 43.81 before the news was announced to $57.75 two days later. Goodyear‘s share price also swelled, up 28.9 per cent from $13.52 beforehand to $17.43 48 hours after the takeover news was released.

Read more

Related news:

  1. Goodyear set to buy Cooper Tire for US$2.5 billion
  2. The Goodyear/Cooper combination’s synergies; global headquarters to be in Akron
  3. Fitch rating affirmation partially affirms Goodyear Cooper acquisition strategic logic
  4. Dunlop Aircraft Tyres confirms sale talks
24th February 2021/by Chris

The Goodyear/Cooper combination’s synergies; global headquarters to be in Akron

Company News, International News
Goodyear

Explaining the rationale behind Goodyear’s multi-billion dollar acquisition of Cooper Tire, executives said the combination offers “compelling strategic and financial benefits”. Specifically, they suggested the transaction “further strengthens Goodyear’s leading position in the US, while significantly growing its position in other North American markets.” With just two home-grown domestic tyremakers in the US (Goodyear and Cooper), that much is clear. However, the benefits of the announced merger are not limited to North America. In China, the combination will almost double Goodyear’s presence. According to Goodyear, it will also increase the Akron, Ohio-based tyremaker’s OE tyre supply position, while creating broader distribution for Cooper replacement tyres through Goodyear’s network of 2,500 branded retail stores.

Read more

Related news:

  1. Goodyear set to buy Cooper Tire for US$2.5 billion
  2. Goodyear implements direct online sales in US
  3. Veyance Expands Presence into South America
  4. Kumho Raises US Prices
22nd February 2021/by Chris
Page 1 of 16123›»

Popular Articles Today

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Scroll to top