Goodyear Tire & Rubber completed its merger with Cooper Tire & Rubber. Cooper shareholders received $41.75 and 0.907 shares of Goodyear stock for each share of their company. They now own 16% of the combined company.

Cooper Tire & Rubber's GAAP net income for 3 months of 2021 was $22.09 million, compared to a loss of $11.317 million in the previous year. Revenue increased 23.3% to $655.827 million from $531.694 million a year earlier.

Goodyear Tire & Rubber is buying Cooper Tire & Rubber for $2.5 billion. Cooper shareholders will receive $41.75 and 0.907 shares of Goodyear stock for each share of their company. After the deal closes, Goodyear shareholders will own 84% of the combined company and Cooper shareholders will own the remaining 16%. The deal is expected to close in the second ha...

Cooper Tire & Rubber's GAAP net income for 2020 was $143.904 million, up 46.4% from $98.317 million in the prior year. Revenue declined 8.4% to $2.521 billion from $2.753 billion a year earlier.