Cooper Standard Automotive sale set for third quarter

By Liz White, ERJ staff
Findlay, Ohio-Cooper Tire & Rubber Co. continues “to explore the sale of its Cooper Standard Automotive unit” and stands by its earlier statement that the sale, “would be finalised near the end of the third quarter,” said president and chief executive officer Thomas Dattilo, during a 22 July webcast on the company’s second quarter results.

The tyre and automotive parts supplier’s announcement that the Cooper Standard business was for sale resulted in, “a lot of interested parties,” but Dattilo said there…

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