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May 4, 2021updated 12 May 2021 2:50pm

Cooper shareholders agree Goodyear merger

Cooper Tire says its shareholders have "overwhelmingly" voted to approve the agreement and merger plan with Goodyear, announced 22 February, 2021.

Cooper Tire says its shareholders have “overwhelmingly” voted to approve the agreement and merger plan with Goodyear, announced 22 February, 2021.

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At a special meeting of Cooper stockholders, around 99% of votes cast were in favour of the transaction.

Goodyear is not required to hold a vote of its stockholders to approve the merger agreement.

“We are pleased with the strong support of our stockholders for the proposed business combination of Cooper and Goodyear as all proposals related to the acquisition were approved,” said Cooper chairman, John Holland.

“This step is an important one in the process of bringing together our two companies to continue to meet the needs of customers, consumers and other stakeholders around the world while driving value for shareholders.”

Cooper and Goodyear are continuing to work towards closing the transaction, which remains subject to the receipt of required regulatory approvals and the satisfaction of customary closing conditions.

Cooper will provide final special meeting vote results, as certified by the independent Inspector of Election, on a Form 8-K, that will be filed with the US Securities and Exchange Commission.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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