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Cooper Tire liquidates investment in Kumho Tire

Cooper Tire & Rubber Company 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.

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.

Courtesy: Cooper Tire & Rubber Company, USA

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Posted by Jigar Gondalia on 8 August, 2008 3:38:52 PM IST #


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