Cooper Tire

25% crash: Apollo Tyres shares at 18-month low on debt worries post Cooper deal

Goldman Sachs said in a report Apollo's net debt-to-equity ratio would rise even though Cooper would service a significant portion of the additional debt the Indian company would take to finance the deal.

Corus syndrome: Investors are rejoicing collapse of Apollo-Cooper deal

The debt required to be raised by Apollo Tyres to finance the acquisition was three times its market capitalisation.

Apollo to file case against Cooper for ending $2.5 bn deal

Expressing disappointment over the deal falling apart, Apollo Tyres in a statement said: "Apollo is disappointed that Cooper has prematurely attempted to terminate our merger agreement....Cooper's actions leave Apollo no choice but to pursue legal remedies for Cooper's detrimental conduct."

Deal scrapped: Cooper Tire terminates $2.5 bn sale to Apollo Tyres

Cooper Tire said on Monday it was walking away after being informed by the Indian tyre maker that financing was no longer available for a takeover that would have been India's second biggest in the United States.

Indian automakers had a forgettable 2013. Here's why

Adverse exchange rates, after the rupee went on a downward spiral against dollar; higher input costs and fuel prices; and government hiking excise duty on sports utility vehicles (SUVs) compounded problems for automobile companies.<br /><br />

Apollo claims victory over Cooper Tire in acquisition spat

On November 12, pushing for an early completion of their merger deal, Cooper Tire & Rubber Co had filed with the Delaware Supreme Court an appeal against the partial ruling on November 8, 2013 by Delaware Chancery Court.

Cooper-Apollo $2.5 bn deal in limbo but investors cheer valuation dispute

Apollo Tyres' $2.5 billion deal to acquire Cooper Tire has run into rough weather as its demand for price reduction because of problems related to the US firm's operations in China and concessions to workers' union has been rejected by the latter.<br /><br />

From ailing Apollo Tyres to Cooper aquizition: The journey of Onkar Kanwar

While industry analysts might not be convinced with the price, Kanwar strongly believes that the deal was right for the company.

Apollo Tyres buys Cooper for $2.5 bn but stock down 19%: All you need to know

The key negative factor is the debt that the company is taking over