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Cooper Tire to buy 11 percent stake in Kumho Tire; Investment in Korean tyre unit is first use for proceeds from Cooper-Standard sale.(News)(Brief Article)

Publication: European Rubber Journal
Publication Date: 01-JAN-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: Liz White

US tyre maker Cooper Tire & Rubber Co. is to acquire some 11 percent of the common equity of Korean-based tyre maker Kumho Tire.

The purchase is connected with an IPO (initial public offering) planned for Kumho, said Cooper Tire, in a 9 Jan statement. The...

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