Cooper Tire & Rubber Co. is calling off its proposed $2.2 billion sale to India's Apollo Tyres, a deal that would have created the world's seventh largest tire company.
December 30, 2013 at 08:00 AM
1 minute read
Cooper Tire & Rubber Co. is calling off its proposed $2.2 billion sale to India’s Apollo Tyres, a deal that would have created the world’s seventh largest tire company.
The Findlay, Ohio, company said Monday that financing is no longer available and continues to claim, as it has for months, that Apollo breached the terms of the agreement.
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