Cooper acquires 100% share in Kunshan JV operation
By mid-March Cooper Tire & Rubber should be the proud 100 per cent owner of Cooper Kenda Tire. Upon finalisation of the US$116.5 million transaction the former 50 per cent Cooper owned joint venture operation will be renamed Cooper Kunshan Tire (contingent to government approval) in recognition of the city in China where it is headquartered. According to Cooper Tire, the transaction should be completed by March 15 through a wholly-owned company subsidiary.