Largest Cooper Shareholder Cuts Stake

(Akron/Tire Review) Cooper Tire & Rubber Co.’s largest single stock owner, Shapiro Capital Management LLC, cut its stake in the Findlay, Ohio-tyre company by some 73 per cent. The sell off reportedly occurred in the third quarter of this year. As of Sept. 30, Shapiro held 3 per cent of all of Cooper’s outstanding shares – 1.87 million shares, down from 7.01 million four months earlier. Shapiro is now the 17th largest Cooper shareholder.