Cooper Tire Announces Closing of Transaction to Sell CCT Joint Venture

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FINDLAY, Ohio--(BUSINESS WIRE)--Cooper Tire & Rubber Company (NYSE:CTB) today announced that it has closed the sale of its 65 percent ownership in Cooper Chengshan (Shandong) Tire Company Ltd (CCT) to Chengshan Group Company Ltd. for approximately $262 million net of taxes and including dividends in accordance with the previously announced option agreement. Within the coming days, the company will file pro forma financial statements in conjunction with a Form 8-K related to the transaction

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Cooper Tire Announces Closing of Transaction to Sell CCT Joint Venture

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