Cooper Tire terminates $2.5 bln deal with India's Apollo Tyres

Monday, 30 Dec 2013 | 6:58 AM ET

Dec 30 (Reuters) - Cooper Tire & Rubber Co said it was not going ahead with a $2.5 billion merger with India's Apollo Tyres Ltd.

Cooper said Apollo notified the company that financing for the deal was no longer available.

(Reporting by Aradhana Aravindan in Mumbai and Mridhula Raghavan in Bangalore)

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