Chengshan Group: Chengshan Group Plans To Exercise Option To Buy Cooper Tire's 65% Stake In JV

Cooper Tire & Rubber Co. (CTB) said Wednesday that its Chinese partner Chengshan Group Co. Ltd. has informed the company that it plans to exercise its call option to acquire Cooper Tire's 65 percent stake in the two companies' joint venture in China, Cooper Chengshan (Shandong) Tire Co. Ltd or CCT.