FINDLAY, Ohio (WTVA) -- Stockholders with Cooper Tire and Rubber Company have given their approval to a merger with Apollo Tyres.
Cooper Tire officials announced Monday nearly 48 million outstanding common shares voted in favor of the merger, nearly 78 percent of the votes cast.
The company announced earlier this year plans to merges with Apollo Tyres.
The merger will create the seventh-largest tire company in the world.
Cooper officials expect the merger to close by the end of the year.