Tire Companies Goodyear And Cooper Seem Ready For A Blowout As Market Declines Point To A Merger
Oct 1, 2019
It has all the hallmarks of the kind of special situation that encourages any activist investor worth their salt to get out of bed in the morning. The potential of a merger between the under-pressure American-based tire companies Goodyear (NASDAQ: GT) and Cooper (NYSE: CTB) should have sharks circling to take a bite out of them, says The Edge.
A merger of both Goodyear and Cooper may be a big deal for investors who love the well-known brands with decent track records. The rationalization of production facilities by both entities will save $100m over the next three years. Moreover, affordable tire offerings by Cooper, along with high performance Goodyear tires, provide the right mix of product for customers.