#COOPERTIRE

Sales

Apollo Tyres Acquires Germany’s Reifencom

India’s Apollo Tyres Ltd. has acquired Germany tire distributor Reifencom GmbH for €46 million ($49 million). Reifencom operates 37 retail facilities in Germany and conducts online sales in five other European countries.

Business

BAIC, Apollo Tyres Near Deal on China Venture

Beijing Automotive Industry Group Co. and India's Apollo Tyres Ltd. are close to launching a tiremaking venture in China.

Business

Chengshan to Buy Out Cooper Tire Venture in China

China's Chengshan Group Co. Ltd. will pay $285 million to buy out partner Cooper Tire & Rubber Co. and take control of their tiremaking venture in Shandong, the Financial Times reports.

Production

Cooper Tire to Open $36 Million Tech Center in Ohio

Cooper Tire & Rubber Co. plans to open a new Global Technical Center at its headquarters complex in Findlay, Ohio, by the end of this year.

Sales

Cooper Tire Sales, Earnings Fall

Cooper Tire & Rubber Co. reports that its net sales in the fourth quarter of 2013 fell 19% to $861 million as operating profit dropped 39% to $47 million and net profit plunged 73% to $20 million.

Business

Cooper Tire Reaches Deal to End China Venture

Cooper Tire & Rubber Co. and Chengshan Group Co. Ltd. have agreed to end their troubled tiremaking joint venture in China, the Financial Times reports.

Business

Cooper Tire, Chengshan Group Agree to Settle JV Dispute

Cooper Tire & Rubber Co. and China's Chengshan Group Co. Ltd. have reached agreement to end their troubled tiremaking joint venture in Shandong Province, according to the Financial Times.

Business

Investors Sue Cooper Tire Over Failed Sale to Apollo

Cooper Tire & Rubber Co. has been sued in Delaware by investors who complain they lost money when the company's share price dropped during a failed sale to India's Apollo Tyres Ltd.

Business

Cooper Tire Drops Plan to Sell Itself

Cooper Tire & Rubber Co. has terminated a plan announced six months ago to sell itself to India's Apollo Tyres Ltd. for $2.5 billion.

Business

Apollo Bid for Cooper Tire Goes to State Supreme Court

Cooper Tire & Rubber Co. has appealed to the Delaware Supreme Court in the U.S. to rule by Dec. 31 on the company's proposed $2.5 billion sale to India's Apollo Tyres Ltd.

Business

Cooper Tire Requests Final Court Ruling on Apollo Takeover

Cooper Tire & Rubber Co. has appealed to the Delaware Supreme Court to rule by Dec. 31 on the company's proposed $2.5 billion sale to India's Apollo Tyres Ltd.

Business

Apollo Asks Cooper Tire for Discount on Proposed Sale

Apollo Tyres Ltd. wants to lower the $2.5 billion it has offered to pay for Cooper Tire & Rubber Co. because of "significant and unanticipated" costs likely if the deal goes through.

Business

Apollo Wants Price Cut on Cooper Tire Bid

Apollo Tyres Ltd. wants a discount on the $2.5 billion it has offered to pay for Cooper Tire & Rubber Co.

Business

Cooper Tire Shareholders Approve Sale to Apollo Tyres

Shareholders representing more than 74% of outstanding shares in Cooper Tire & Rubber Co. have voted in favor of the company's proposed $2.5 billion sale to India's Apollo Tyres Ltd.

Business

Arbitrator Blocks Part of Cooper Tire Sale to Apollo

An arbitrator has blocked Cooper Tire and Rubber Co. from including two U.S. factories in a planned $2.5 billion sale of the company to India's Apollo Tyres Ltd.

Cooper Tire Investor Sues to Block Apollo Takeover

A Cooper Tire & Rubber Co. investor has sued the company in Wilmington, Delaware, to bar its planned $2.5 billion sale to India's Apollo Tyres Ltd.

Business

Apollo Tyres to Acquire America’s Cooper Tire

Apollo Tyres Ltd has agreed to acquire Findlay, Ohio-based Cooper Tire & Rubber for $2.5 billion to gain entry to the thriving American auto market.

Economics

India’s Apollo Tyres May Seek Control of Cooper Tire

Gurgaon, India-based Apollo Tyres Ltd. is buying a controlling stake in America's Cooper Tire & Rubber Co., according to India's Economic Times.

Economics

Indian Company May Seek Control of Cooper Tire

India's Apollo Tyres Ltd. is buying a controlling stake in Cooper Tire & Rubber Co., according to the New Delhi-based Economic Times.