Shares of India’s Apollo Tyres rocketed by nearly eight percent Tuesday on investors’ hopes that the company would walk away from a $2.5 billion debt-funded deal to buy US-based Cooper Tire & Rubber.
Tag Archives: Apollo Tyres
Robbins Arroyo LLC, Law firm looking to sue Apollo Tyres
Shareholder rights attorneys at Robbins Arroyo LLP are investigating the acquisition of Cooper Tire & Rubber Company by Apollo Tyres Ltd. On June 12, 2013, the companies jointly announced the execution of a definitive merger agreement under which Apollo will acquire Cooper for $35.00 per share in cash.
Is the acquisition best for Cooper and its shareholders?
