Cooper Tire to announce Q32014 results Nov 7
Cooper Tire & Rubber Company will announce its third quarter 2014 financial results on November 7, 2014.
The third quarter results will be announced before the US stock markets open, added the Ohio-based tyre maker.
Management will discuss the financial results on a conference call beginning at 11 am, November 7.
On October 8, Cooper Tire’s Chinese partner said it would buy the US tyre maker’s majority share in Cooper Chengshan (Shandong) Tire Company Ltd (CCT) for $248.5 million.
CCT is a joint venture of Cooper Tire and Chengshan Group, in which the former owns 65%, while the latter owns 35%.
Cooper Tire confirmed that it has received notice and related documents from Chengshan Group Company Ltd that it intends to exercise its option to acquire Cooper’s 65% stake in CCT.
The company is currently reviewing the notice and documentation provided by Chengshan to confirm that all of the requirements under the August 14, 2014 option agreement have been met, said Cooper Tire.