Cooper Tire & Rubber Company
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COOPER TIRE MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF COOPER TIRE & RUBBER COMPANY IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – CTB
February 22, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Cooper Tire & Rubber Company (NYSE: CTB) to The Goodyear Tire & Rubber Company is fair to Cooper Tire shareholders. Under the merger agreement, Cooper Tire shareholders will receive $41.75 per share in cash and a fixed exchange ratio of 0.907 shares of Goodyear common stock per Cooper Tire share.
The investigation concerns whether Cooper Tire and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible price for Cooper Tire shareholders; (2) determine whether Goodyear is underpaying for Cooper Tire; and (3) disclose all material information necessary for Cooper Tire shareholders to adequately assess and value the merger consideration.
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