8/15/14 – 9:33 A.M.
Cooper Tire & Rubber is providing more details about the future of its joint venture with the Chengshan Group in China. Earlier this week the Findlay-based company announced an extension on an agreement between the two companies. The extension allows an independent firm to find the fair market valuation of the Cooper Chengshan Tire Company. Today, Cooper announced the deadline for the evaluation is August 24.
Once the value is established, Chengshan will have 45 days to decide it wants to buy Cooper’s 65 percent stake in the company, or to sell its 35-percent to Cooper. If neither side agrees to buy out the other, the joint venture will continue under its current structure.by Read More →