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Apollo Tyres with both sides swearing to take legal action over a deal beset by obstacles from the start. Cooper Tire decided to call off the deal after being informed by the Indian tyre maker that financing was no longer available for a takeover that could have been India’s second biggest in the United States. On the other hand, Apollo Tyres, was disappointed with Cooper for premature closure of the agreement and has decided to pursue legal remedies of its own.
Posted in: Indian Market Tips
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