Cooper buyout vote set for 30 Sept

ERJ staff report (TB)

Tire Business Report

Findlay, Ohio — Cooper Tire & Rubber Co. has called a special shareholders' meeting 30 Sept to vote on the pending buyout by Indian tire maker Apollo Tyres Ltd.

The meeting will take place at 10 am at the offices of law firm Jones Day in Cleveland. Shareholders of record as of the close of business 30 Aug are entitled to vote, Cooper said.

Cooper also has filed a definitive proxy statement with the US Securities and Exchange Commission covering terms of the proposed transaction.

Cooper and Apollo announced the proposed deal on 12 June.

Combining the companies will create an entity with about $6.6 billion in annual sales, with 14 plants in eight countries on four continents.

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Article from Tire Business