NEW YORK, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Cooper Tire & Rubber Company (NYSE: CTB) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by The Goodyear Tire & Rubber Company (NASDAQ: GT).
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On February 22, 2021, Cooper announced that it had signed an agreement to be acquired by Goodyear for approximately $2.8 billion. Pursuant to the merger agreement, Cooper stockholders will receive $41.75 in cash and 0.907 shares of Goodyear common stock for each share of Cooper common stock owned. The deal is scheduled to close in the second half of 2021.
Bragar Eagel & Squire is concerned that Cooper’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Cooper’s stockholders.
If you own shares of Cooper and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at firstname.lastname@example.org or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.
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Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.