Cooper Tire says its shareholders have “overwhelmingly” voted to approve the agreement and merger plan with Goodyear, announced 22 February, 2021.
At a special meeting of Cooper stockholders, around 99% of votes cast were in favour of the transaction.
Goodyear is not required to hold a vote of its stockholders to approve the merger agreement.
“We are pleased with the strong support of our stockholders for the proposed business combination of Cooper and Goodyear as all proposals related to the acquisition were approved,” said Cooper chairman, John Holland.
“This step is an important one in the process of bringing together our two companies to continue to meet the needs of customers, consumers and other stakeholders around the world while driving value for shareholders.”
Cooper and Goodyear are continuing to work towards closing the transaction, which remains subject to the receipt of required regulatory approvals and the satisfaction of customary closing conditions.
Cooper will provide final special meeting vote results, as certified by the independent Inspector of Election, on a Form 8-K, that will be filed with the US Securities and Exchange Commission.