Cooper Tire receives OKs for China tire stake


CHICAGO, Dec 27 (Reuters) - Cooper Tire & Rubber Co. on Tuesday said it has received necessary government approvals to take a 51 percent ownership in Cooper Chengshan (Shandong) Passenger Tire Co. Ltd. and Cooper Chengshan (Shandong) Tire Company Ltd. Cooper Tire in October said it intented to take a majority ownership in the company, and 25 percent ownership in a steel cord factory. It expects the deal to close in early January. The company makes passenger car and light truck radial ...

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