Cooper Tire aims to take over Standard Products
Article Abstract:
Cooper Tire & Rubber Co. has reached an agreement to acquire Standard Products Co. in a transaction worth approximately $584.4 million. The deal will expand Cooper Tire's nontire business. The deal is a cash-and-stock transaction. Under the terms of the deal, Cooper will take responsibility for Standard's debt which is worth $173 million. Cooper is the seventh-largest manufacturer of tires in the world.
Comment:
Cooper Tire to acquire Standard Products for $584.4 million
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Continental AG buys Motorola automotive unit
Article Abstract:
Continental AG of Germany is to acquire for $1 billion the automotive-electronics business of Motorala Inc. of the United States. With the acquisition the German tire maker and auto-parts supplier will be pushing into the American market.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Gallaher changes may deter takeover. NTL narrows loss; CEO to quit. BAT's pretax profit more than doubled in the first quarter
- Abstracts: CVC will form group to make bid for Six Continents. Quintain may buy Millennium Dome in property deal. Man Group says its business might double in three years
- Abstracts: CP&L agrees to pay 4.97 billion euros for Florida Progress. Oak Hill agrees to buy 48.5% of American Skiing. Echostar plans to launch 32 billion bid for Hughes
- Abstracts: E.On's bid for Endesa may spur energy tie-ups. Enel fires up Europe utility war. Valencia to build 40 wind farms over next 2 years