Cooper CEO calls deal with Apollo ‘compelling’

ERJ staff report (TB)

Findlay, Ohio – For Cooper Tire & Rubber Co.’s board of directors, accepting Apollo Tyres Ltd.’s offer to buy Cooper was a matter of “compelling value,” according to Roy Armes, Cooper chairman, CEO and president as reported by Bruce Davis of Tire Business.

“Apollo approached us last year with an offer that we determined wasn’t in our best interest, so we walked away from it,” Armes said.

“When they came back this time (with their offer of $35 a share), the board viewed this…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with