Apollo Tyres

What would have been an historic deal, creating a new tire company giant, has gone flat – and both sides are blaming each other for the blow-out. On Monday, Ohio-based Cooper Tire & Rubber Company (NYSE: CTB) announced it was terminating its proposed merger with India's Apollo Tyres. The...

As to be expected for this time of the year, volume was light today with little market moving data or news released. Major indices were virtually flat as Tuesday will mark the final trading session of 2013. Markets will close tomorrow at 4:00 pm EST and remain closed until Thursday morning....

Findlay, Ohio based Cooper Tires (NYSE: CTB) announced Wednesday morning that it had entered a merger agreement with Indian based Apollo Tyres. Under the arrangement, Cooper Tires shareholders would receive $35 per share, representing about a 42.5 percent over Tuesday's closing price. Sale of...