Apollo Tyres to Buy Cooper Tire & Rubber in $2.5 Billion Deal

by Lance Turner  on Wednesday, Jun. 12, 2013 11:14 am  

Cooper's plant in Texarkana, Ark., employs about 1,600 people. ()

Apollo Tyres Ltd of India says it is buying Cooper Tire & Rubber Co. in an all-cash deal worth about $2.5 billion. Charles Nickerson of Texarkana Chamber of Commerce says the deal appears to be a positive one for the city's Cooper plant.

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