Cooper Tire terminates ?1.8bn saletoAnollo

摘要

Delaware, USA-Cooper Tire & Rubber said it was terminating a proposed $2.5bn (?1.8bn) sale to India's Apollo Tyres with both sides threatening legal action over a deal plagued by obstacles from the start. Cooper Tire said that it was walking away after being informed by the Indian tire maker that financing was no longer available for a takeover which would have been rated as India's second biggest in the US. Cooper added that it would pursue legal steps to protect the company. Apollo responded by saying it was "disappointed" that Cooper had prematurely ended the agreement, and that it would pursue legal remedies of its own.