There are plenty of buyers far better capable of bringing a deal to fruition than Apollo.
Furthermore, a Chinese, European or American buyer would benefit from expanded technology and patents held by Cooper. They have a real lead in the truck business.
When you consider their product mix, patents, worldwide presence and significant reductions on input petroleum based costs, $38 is quite feasible from a takeover perspective. I just hope this isn't taken over by a hedge fund for less than $35.