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June 12, 2013 at 11:20 AM EDT
Buyout News: Cooper Tire & Rubber
This morning, Apollo Tyres announced it is buying Cooper Tire & Rubber (CTB) for $2.22 billion, or $35 per share. This amounts to a 42% premium over yesterday's closing price with the deal likely closing in the second half of the year.
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COOPER TIRE & RUBBER CO.
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