Apollo Tires Ltd (NSE: ApolloTYRE) and Cooper Wheel Silicone Firm (London stock exchange: CTB) right now released your setup of an definitive merger agreement to which any whollyowned additional regarding Apollo will certainly get Cooper in an allcash financial transaction priced at about $2.Five million. Underneath the the deal, that is with one voice licensed by the planks involving administrators regarding each firms, Cooper stockholders gets $35 per be part of cash. Apollo, created in 1973, posseses an international reputation for high end tires over the stock portfolio involving wellknown premium as well as midtier makes, such as the flagship Apollo logo and Vredestein.
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