‘Apollo lenders unlikely to back Cooper deal without price cut’

Last Updated: Wednesday, October 9, 2013, 20:51

Funding for Apollo Tyres' USD 2.5 billion bid for US-based Cooper Tire & Rubber Co is in jeopardy unless the deal price is cut to reflect the risk of higher costs stemming from labour issues, sources with direct knowledge of the matter said.

Pricing, China issue hold up Apollo-Cooper $ 2.5 bn deal

Last Updated: Monday, October 7, 2013, 22:07

While Apollo accused Cooper of misrepresenting facts about its Chinese operations, the US firm asserted that the risks were part of the deal.

Apollo moves closer to $2.5 bn Cooper deal; hurdles remain

Last Updated: Tuesday, October 1, 2013, 12:21

Cooper Tire and Rubber Co shareholders have approved the US company's USD 2.5 billion sale to Apollo Tyres, clearing a major step for the creation of the world's seventh biggest tyre maker.

Apollo Tyres slumps after Cooper Tire shareholders approve sale

Last Updated: Tuesday, October 1, 2013, 11:02

Apollo Tyres shares fell as much as 8.9 percent on worries about possible high debt after Cooper Tire and Rubber Co shareholders approved the US company's USD 2.5 billion sale to the Indian company on Monday.

Cooper shareholders approve $2.5 billion Apollo deal

Last Updated: Tuesday, October 1, 2013, 10:06

Cooper Tire and Rubber Co shareholders on Monday approved the US company's USD 2.5 billion sale to India's Apollo Tyres Ltd, in a transaction that would create the world's seventh-largest tyre maker.

Turkey police fire teargas, rubber bullets to break up protest

Last Updated: Sunday, August 4, 2013, 13:26

Turkish riot police have fired tear gas and rubber bullets to disperse hundreds of anti-government protesters in Istanbul, leaving many injured.

Strike over Apollo takeover of Cooper Tire and Rubber

Last Updated: Wednesday, July 31, 2013, 17:46

Cooper Tire and Rubber announced last month that it would be taken over by Apollo Tyres of India, making the combined group the seventh-largest such firm in the world.

Apollo Tyres extends free-fall; stock down 6% on debt concerns

Last Updated: Friday, June 14, 2013, 18:48

After falling 8.6 percent to Rs 62.70, its 52-week low on the BSE in intra-day trade, the stock finally ended at Rs 64.75, down 5.61 percent from its previous close.

No debt overloading of India ops for Cooper acquisition: Apollo

Last Updated: Friday, June 14, 2013, 18:46

On Friday, Apollo Tyres shares ended at Rs 64.75 down 5.61 percent from Thursday's close.

Apollo Tyres to acquire US based Cooper for Rs 14,500 cr

Last Updated: Wednesday, June 12, 2013, 19:03

Apollo Tyres Wednesday said it will acquire US-based Cooper Tire & Rubber Company in an all-cash transaction valued at approximately Rs 14,500 crore.

Lily Cole makes rubber fashionable, stylish

Last Updated: Friday, June 7, 2013, 14:49

Lily Cole has used rubber to create her debut limited-edition jewellery line as she wants to show people that rubber can be fashionable and stylish.

Dry weather affects rubber plants in Northeast India

Last Updated: Tuesday, April 16, 2013, 14:31

Immature rubber plants of two-four years are drying up in India`s northeastern region owing to prolonged dry weather, leaving the growers worried about their produce.