Cooper Tire

Three years since a failed attempt to enter the US market through a USD-2.5-billion merger with Cooper Tire & Rubber Co, Apollo Tyres‘ Managing Director Neeraj Kanwar has charted out a fresh plan to set foot in the world‘s biggest tyre market, an article in Mint says.

Indices retreat among macro worries, cap goods worst hit

In sectoral performance, capital goods, auto, banks, power, oil & gas, and metal shares were the big laggards, with the respective indices down 2-4.5 percent. In key developments, Cooper Tire called off its deal with Apollo Tyres, triggering a brief rally in shares of Apollo Tires.

Apollo Tyres up 12% after Cooper annuls $2.5 bn merger deal

Cooper believes that Apollo has breached the merger agreement and the company will continue to pursue necessary legal steps to protect itself and the shareholders.

Stocks in news: Apollo Tyres, SKS, Future Lifestyle, Trent

Apollo Tyres | Jain Irrigation | BHEL | SKS Microfinance | Mercator | Bharti Airtel | Canara Bank | Sun Pharma | Hindalco Industries | Reliance Power | Tata Steel | Future Lifestyle Fashion and Trent are stocks, which are in the news today.

See Apollo Tyres above Rs 100/shr on US court ruling: Quant

The Delaware Court's yesterday dismissed Cooper Tire's appeal against Apollo Tyres‘ demand for reducing the purchase cost.

Apollo Tyres up 6% on favourable ruling in Cooper Tire row

The judgement ruled that Apollo Tyres did not breach its obligation to close its USD 2.5 billion buyout of Cooper Tire & Rubber Co.

Favourable 'partial ruling' in spat with Cooper: Apollo

In October, Cooper filed a complaint in Delaware Court of Chancery to push for completion of their merger and stated that the Indian firm was seeking to delay an agreement with USW, which represents Cooper employees at facilities in Findlay, Ohio, and Texarkana, Arkansas.

Chart of the day: Will Apollo-Cooper deal go through?

Apollo Tyres share have stabilized over the last month, amid expectations that the deal—seen as expensive by analysts—to acquire Ohio-based Cooper Tire for USD 2.5 billion may be eventually shelved.

Stocks in news: Infosys, Ranbaxy, Delta Corp, NCC, Jet Air

Jet Airways | Infosys | Ranbaxy Labs | Hotel Leela | Glenmark | Reliance Industries | Delta Corp | NCC | Reliance Power | Ashok Leyland and Apollo Tyres are stocks, which are in the news today.

Stocks in news: Godrej Consumer, IFCI, Indian Hotel, Apollo

Godrej Consumer | Reliance Communications | OBC | YES Bank | Jindal Steel | IFCI | Jet Airways | Bajaj Hindusthan | Indian Hotels | Financial Technologies | IOC and Apollo Tyres are stocks, which are in the news today.

Cooper shareholders set to approve $2.5bn Apollo deal

A green light from Cooper shareholders will bring Apollo one step closer to completing the takeover, although hurdles still remain due to opposition from workers at Cooper's joint venture in China and U.S. labour issues which could delay the deal.

Stocks in news: Bharti, Hero, IOC, ONGC, TVS Motor, M&M

Bharti Airtel | Apollo Tyres | Fortish Healthcare | Hero MotoCorp | ONGC | BPCL | IOC | HPCL | Tata Motors | M&M and TVS Motor are stocks, which are in the news today.

Cooper Tire stockholders to vote on Apollo deal in Sept

Cooper and Apollo merger on track to close after receiving US and foreign regulatory clearance.

Cooper buy win-win, debt limit hike non-issue: Apollo Tyres

The success of Apollo Tyres' acquisition of Cooper hinges on how rubber prices will behave in the international market. Global commodity prices are expected to be stable especially for rubber because a lot of capacity will be added, which is going to keep rubber prices down

Apollo Tyres gains; Morgan Stanley buys 0.5% stake

Singapore-based Morgan Stanley Asia purchased 0.5 percent stake in Apollo Tyres. The news led to stocks of Apollo Tyres gain almost 2.45 percent and hit their highest intra-day level since June 18.

No risk to Cooper deal; completion by Oct: Apollo Tyres

Neeraj Kanwar of Apollo Tyres told CNBC-TV18 that he expected the deal with Cooper Tire to be completed by October 2013. He said that part of the company's debt would be repaid by cash flows from Apollo India.

Avoid Apollo Tyres, says Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities feels that Apollo Tyres could be a dead investment at least for the next two-three quarters.

Hold Apollo Tyres, advises Mayuresh Joshi

Mayuresh Joshi, VP Institution at Angel Broking advised holding Apollo Tyres for long term.

Apollo Tyres sinks 25%; Cooper Tire buy fuels debt concerns

The acquisition of Cooper Tire helps Apollo become the 7th largest tyre maker in the world. However, the bigger concern is that the deal is entirely funded via debt and its debt:equity will shoot up.

Stocks in news: MMTC, Sun Pharma, Apollo Tyre, Samtel Color

Samtel Color | IFCI | Globus Spirits | Indraprastha Gas | Hanung Toys | Oil India | United Spirits | MMTC | Sun Pharma and Apollo Tyres are stocks, which are in the news today.