Covington Represents Goodyear in Financing $2.8 Billion Acquisition of Cooper Tire

Covington Represents Goodyear in Financing $2.8 Billion Acquisition of Cooper Tire

February 22, 2021

NEW YORK—Covington represented Goodyear Tire & Rubber Company in the financing of its acquisition of Cooper Tire & Rubber Company, a deal valued at approximately $2.8 billion in cash and stock.

Goodyear is one of the world's largest tire companies. It employs about 62,000 people and manufactures its products in 46 facilities in 21 countries around the world.

Cooper Tire is the parent company of a global family of companies that specializes in the design, manufacture, marketing, and sale of passenger car, light truck, medium truck, motorcycle, and racing tires. Cooper's headquarters is in Findlay, Ohio, with manufacturing, sales, distribution, technical, and design operations within its family of companies located in 15 countries around the world.

The Covington team included Peter Schwartz, Alicia Zhang, Coco Zhang, Matt Gehl, and David Engvall (finance and capital markets).