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Article: Cooper Tire Liquidates Investment in Kumho Tire.
- Article from:
- Science Letter
- Article date:
- August 19, 2008
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Cooper Tire & Rubber Company (NYSE:CTB) announced it has liquidated its investment in Kumho Tire Company. The transaction includes payment of $107 million plus interest from the initial due date of May 31, 2008 (see also Cooper Tire & Rubber Company).
Cooper Tire acquired an 11 percent interest in the common equity of Kumho in early 2005, when Kumho's initial public offering became available on the Korea and London stock exchanges.
About Cooper Tire & Rubber Company
Cooper Tire & Rubber Company is a global company that specializes in the design, manufacture, ...