Update: No New Deadline Set in Cooper-Chengshan Ownership Deal
Given the relationship of the parties over the last 12 months, the announcement yesterday that Cooper Tire & Rubber Co. and Chengshan Group Co. need a little more time to sort out ownership of their joint venture plant could not be termed a surprise. Aug. 11 was the stated deadline the parties established back in
Cooper Extends Deadline
Cooper Tire & Rubber Co. has extended, for an unstated “brief” period, the option commencement deadline within the agreement that Cooper, Chengshan Group Co. and the CCT labor union reached in January of this year, which set forth a process to determine the future ownership of Cooper Chengshan Tire Co. “The process to arrive at
