Cooper Tire’s stockholders have voted to approve its pending merger with a wholly-owned subsidiary of Apollo Tyres Ltd
\nApollo tyre with more than 74 per cent of Cooper\u2019s outstanding common shares voted in favour of the transaction. When finalised, the pending merger will result in a strategic business combination that creates the seventh-largest tyre company in the world. Approximately 78 per cent of Cooper\u2019s outstanding common shares were voted, with more than 48 million shares voted in favour of the merger, representing approximately 96 per cent of Cooper\u2019s voted shares.<\/p>\n
\u201cWe are pleased stockholders endorsed this compelling transaction, which will create a $6.6 billion leader in the tyre industry with a strong global footprint that includes a presence in the world\u2019s largest tyre market of North America as well as in the fastest growing geographies of India and China,\u201d said Cooper Chairman, Chief Executive Officer and President Roy Armes.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cooper Tire’s stockholders have voted to approve its pending merger with a wholly-owned subsidiary of Apollo Tyres Ltd Apollo tyre with more than 74 per cent of Cooper\u2019s outstanding common shares voted in favour of the transaction. When finalised, the pending merger will result in a strategic business combination that creates the seventh-largest tyre company […]<\/p>\n","protected":false},"author":3,"featured_media":5002,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[454],"tags":[],"class_list":["post-6048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cooper"],"yoast_head":"\n