Another big business buyout. What does it mean?

Cooper tire here in nw Ohio (Findlay) just told their workers today that they've been bought out by Goodyear. For all of you stock watchers, it may be a good time to bail or buy. Dunno.
I have a lot of friends that have worked there since high school that are worried saying Goodyear has plants already shut down?

Dang i like my Cooper tires, wonder if they will keep making them.

I've run a Cooper tires in the past. A good tire. Be a shame if they stopped making them.

Some info on the buyout.

Cooper tires have been declining in quality they'll fit right in with Good Year.

Might be several reasons. 1. car manufacturers have shut down quite a bit of production so demand for tires may be down somewhat. 2. Companies in similar lines of business can combine operations and eliminate the expenses where their operations overlap. Reducing overhead and making the combined entity more profitable. 3. Eliminates some competition and thus increases market share for the remaining entity.

I suspect they will still make the same named brands that were available before.


Goodyear has been losing a lot of money for a while but Cooper has been earning money . It makes sense that GT would want to buy CTB in an attempt to turn things around

I have bought 3 sets of Coopers. Good tires

WS

Creative destruction works.

Always purchased Coopers, no more, GY is anti conservative.

Always liked the non-directional mud grips.

Cooper may be OK tires now but Goodyear will make sure they do not stay that way. They will drag them down to their level just like Bass Pro did to Cabelas.

Capitalism.

I'll never own Good Year tires , and now Cooper will be on that list

Also Tractor Supply is buying Orscheln Farm and Home. Have both around here and Orscheln seems to have better quality. TSC is just china mart with feed.

Cooper on my trucks and carlisle tires on my trailers.

Say good bye to an American made tire. Cooper will probably be made in China now ?

Now will have to look for a new tire. 4th set of Coopers! GY will never be able to make as good a tire as Coopers and at their price point.

the vid has helped business consolidate into less small and more big.....