Failure to honour terms of buyout agreement led collapse of Cooper Tire sales to Apollo Tyres
Cooper considers USD112 million as a fee
Cooper Tire & Rubber’s failure agree to the terms and conditions of the buyout agreement with Apollo Tyres, doomed a USD2.5 billion acquisition of the US based tiremaker to its Indian competitor, Apollo’s lawyer John Hardiman said in court, reports Bloomberg.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
