US court dismisses case against Apollo Tyres filed by CooperDelaware Chancery Court Judge Sam Glasscock III in the judgement had said Cooper failed to comply with its contractual obligations.
Hungary plant to start rolling out products by 2017: Apollo TyresThe company decided to go ahead with the new plant in Eastern Europe after its failed $2.5 billion takeover of US-based Cooper Tire.
Apollo Tyres to invest 442.2 mn euros for new plant in HungaryThe company decided to go ahead with the new plant in Eastern Europe after its failed $2.5 billion takeover os US-based Cooper Tire.
With Cooper Tire deal off, Apollo can now play catch up with MRFRevenue, profits, margin and growth rates are similar and together Apollo and MRF control more than 50% of the organised tyre market.
Apollo Tyres scrip settles 6% up after Cooper calls off dealShares of Apollo Tyres rallied as much as 11.54% after the Cooper Tire terminated its troubled $2.5-bn deal with the Indian tyre-maker.
Apollo Tyres shares gain nearly 8 per cent on boursesApollo Tyres today soared nearly 8 per cent amid hopes it will get a better deal to acquire US-based Cooper Tire & Rubber Co.
Cannot see value creation for minority shareholders of Apollo Tyres: Ambit Capital"We turned sellers on the back of the Cooper Tire deal, because we could not see where the value creation for minority shareholders would c...
US court dismisses Cooper Tire’s plea in Apollo deal caseCooper Tire & Rubber Co on Monday lost its court bid to force Apollo Tyres Ltd to complete their proposed $2.3 billion merger.
Cooper inks tentative pact with Union, awaits Apollo responseThe US firm had alleged that the Indian firm was seeking to delay an agreement with United Steelworkers (USW).
Not bullish on Apollo tyres on back of Cooper deal complications: Deven ChokseyI would say that stay away from this company till the point of time the philosophy of the management goes clear as to how they want to grow...
Apollo Tyres rallies over 4% as $2.5 bn Cooper Tire deal falls apartApollo Tyres Ltd rallied as much as 4.5 per cent in morning trade on Tuesday, on reports that the its bid to buy Cooper Tire for $2.5 billi...
Apollo Tyre slips 9% as Cooper Tire shareholders give nod for mergerThe stock slipped on worries about possible high debt of $2.5 billion which also marks as one of the largest US acquisitions by an Indian f...
- Cooper Tire calls shareholders meet to vote on takeover by Apollo
US-based Cooper Tire has called a special meeting of its shareholders on Sept 30 to vote on the proposed acquisition of the company by Apol...
Brokers' Picks: Goldman neutral on Apollo TyresThe acquisition of US-based Cooper Tire appears significant in terms of Apollo Tyres market cap
Apollo Tyres tanks 26%, hits 52-week low on Cooper Tire dealThe acquisition is expected to be value accretive from year one and the management expects synergies of US$80-100 mn over three year period.
Apollo Tyres tanks 20%, hits 52-week low on Cooper Tire dealThe acquisition of Cooper Tire & Rubber Company of the US will make Apollo Tyres the world's seventh largest tyremaker.
- Investors’ concerns derails Apollo Tyres’ QIP plans and Cooper Tire buy
"Apollo Tyres did not get a favourable response to its QIP from the investors who were worried about the end-use of the funds", sources sai...