220 banner ad

Tag: Apollo Tyres

Apollo Tyres Fires Right Back at Cooper Tire Over Merger Termination

Apollo Tyres Fires Right Back at Cooper Tire Over Merger Termination

| December 30, 2013

Apollo Tyres Ltd (NSE: ApolloTYRE) has fired right back at Cooper Tire and issued the following statement in response to the announcement from Cooper Tire & Rubber Company (NYSE: CTB) that it has terminated the Merger Agreement with Apollo announced on June 12, 2013: “Apollo is disappointed that Cooper has prematurely attempted to terminate our […]

Read More

Cooper Tire Terminates Merger Agreement with Apollo Tyres

Cooper Tire Terminates Merger Agreement with Apollo Tyres

| December 30, 2013

Cooper Tire & Rubber Company (NYSE:CTB) has announced that it has terminated the merger agreement with Apollo Tyres (NSE:ApolloTYRE). “It is time to move our business forward,” said Cooper Chairman, Chief Executive Officer and President Roy Armes. “While the strategic rationale for a business combination with Apollo is compelling, it is clear that the merger […]

Read More