Apollo Tyres: Buyer’s Remorse, Part Deux

We had written about Apollo Tyre’s acquisition of US based Cooper Tyre & Rubber here. It looks like the delay is causing Cooper to shit the bed…

Cooper Tire says in a new court filing that Apollo Tyres still doesn’t have an agreement in place with the United Steel Workers. The company also says it doesn’t know for sure when its Q3 financials will be finished due to issues it can’t control. (SA)

cooper tire chart

While the market seem to like Apollo Tyer’s trying to back out of the deal…


Stay tuned!

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