TIRE TIE-UP: A tire maker whose main market is in India, Apollo Tyres Ltd., is buying Ohio's Cooper Tire & Rubber Co. for $2.2 billion, creating a company that will rank as the industry's seventh largest.
SMOOTH RIDE?: The deal gives Apollo access to markets in the U.S. and China while Cooper gets a premium price per share and some assurances that its domestic operations that include plants in Ohio, Mississippi and Arkansas won't be gutted.
GROWTH PROSPECTS: Apollo Chairman Onkar Kanwar said the combined company will serve both large, established markets, such as the U.S. and Europe, as well as fast-growing markets such as India, China, Africa and Latin America.
- Investment & Company Information