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Goodyear announced the $2.5 billion deal Monday (see related story). It’s expected to be completed later this year.
U.A. Management Professor Debmalya Mukherjee says it as a good combination of two companies that can maximize their strengths. People who buy Cooper Tires are more value conscious and Goodyear has advantages in differentiation and innovation, he said.
He says joining two large companies like Goodyear and Cooper requires strategic and organizational fit. The companies must consider whether the workers will gel. “In this instance, I don’t see any reason why they should not, Mukherjee said. Both companies are rooted in Ohio, very similar organizational culture.”
Goodyear Tire & Rubber Co (NASDAQ: GT) is acquiring rival Cooper Tire & Rubber Co (NYSE: CTB) for $2.5 billion.
Akron, Ohio-based Goodyear was founded in 1898 and employs about 62,000 people working in 46 facilities in 21 countries.
Findlay, Ohio-based Cooper Tire was founded in 1914 and. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Goodyear Tire & Rubber Co (NASDAQ: GT) is acquiring rival Cooper Tire & Rubber Co (NYSE: CTB) for $2.5 billion.
Akron, Ohio-based Goodyear was founded in 1898 and employs about 62,000 people working in 46 facilities in 21 countries.
Findlay, Ohio-based Cooper Tire was founded in 1914 and. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
AKRON Goodyear has reached an agreement to buy Cooper Tire & Rubber Co. for $2.5 billion.
Akron-based Goodyear, the No. 3 tire maker worldwide with $13.7 billion in sales in 2019, said Monday that it had entered an agreement to purchase Findlay,Ohio-based Cooper Tire, and that the purchase…