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India/US: Is Apollo in over its head with $2.5B tire deal?

By  |  June 14, 2013

According to reports, experts are starting to doubt the ability for India-based Apollo Tyres to successfully acquire US-based Cooper Tires. Following news of the proposal, which will be made for a hefty $2.5 billion, Apollo shares reportedly dropped more than 25 percent. Research analyst Surjit Arora suggested to the media that “Apollo could have bitten off more than it can chew” with its buyout plans. The deal would mark one of the largest outbound merger deals involving an India-based conglomerate, say reports.

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