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India's Apollo Tyres to take control of Cooper Tire - media

Thursday, 11 Oct 2012 | 9:56 AM ET

Oct 11 (Reuters) - Indian tyre manufacturer Apollo Tyres

is in the process of buying a controlling stake in Cooper Tire & Rubber Co , India's Economic Times reported. ()

The deal could be in a range of $600-800 million, the newspaper said citing sources.

Cooper Tire's shares jumped as much as 11 percent to $20.76 on the New York Stock Exchange on Thursday.

(Reporting by Sagarika Jaisinghani in Bangalore; Editing by Rodney Joyce)

((sagarika.jaisinghani@thomsonreuters.com)(within U.S. +1 646 223 8780, outside U.S. +91 80 4135 5800)(Reuters Messaging: sagarika.jaisinghani.reuters.com@reuters.net))

Keywords: COOPERTIRE OFFER/

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