There’s a lesson somewhere in the looming failure of the American manufacturer Cooper Tire & Rubber Co.’s $2.3 billion merger with Apollo Tyres Ltd., but the world may never learn it.
The terms of the merger, set in June, compel India-based Apollo to acquire Cooper before Dec. 31 or the deal is off, according to Sumeet Chatterjee for Reuters. But Apollo has hit a wall in negotiations with labor unions at Cooper plants in the U.S., pulling share prices down and giving Apollo incentive to wait it out until the contract expires.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
