QUOTE AND NEWS
StreetInsider.com  Jun 14  Comment 
1. On Monday, Standard & Poor's Ratings Services affirmed its 'AA+' long-term and 'A-1+' short-term unsolicited sovereign credit ratings on the United States of America (USA). The ratings agency raised its outlook on the long-term rating from...
Wall Street Journal  Jun 14  Comment 
Buying foreign companies can put the Indian acquirer in risky territory. Apollo Tyres's $2.5 billion acquisition of Ohio-based Cooper Tire & Rubber is no exception.
Reuters  Jun 14  Comment 
Apollo Tyres is not currently looking at converting into equity some of the debt it will take to finance its $2.5 billion deal to buy U.S.-based Cooper Tire & Rubber Co, Chief Financial Officer Sunam Sarkar said.
Finance Asia  Jun 14  Comment 
Analysts say management will have little room for error given the high leverage ratio.     
The Times of India  Jun 13  Comment 
Apollo Tyres shares slumped more than 15 percent on Thursday as its buy of US-based Cooper Tire & Rubber Co for about $2.5 billion is seen increasing the company's debt levels.     
StreetInsider.com  Jun 12  Comment 
Market wrap for June 12th End of the Day: S&P 500 down 13.6 to 1,612.52; Dow Jones down 126.8 to 14,995.23; Nasdaq down 36.5 to 3,400.43 * The Dow Jones Industrial Average closed below 15,000 for the first time since May 6th, when it ended at...
StreetInsider.com  Jun 12  Comment 
Ceres (Nasdaq: CERE) 60.9% HIGHER; moving higher ahead of news expected out in the first-half of July on sweet sorghum yields for the recent harvesting season. For more color, click here. Cooper Tire & Rubber Company (NYSE: CTB) 40.5% HIGHER;...
Financial Times  Jun 12  Comment 
All-cash purchase of Cooper Tire, one of the largest US tyre makers, is the latest sign of the growing international focus on the car sector
TheStreet.com  Jun 12  Comment 
Updated from 11:05 a.m ET to reflect analyst comments and additional data throughout NEW YORK (TheStreet) -- Cooper Tire is being bought by Indian tire manufacturer Apollo Tyres for $35 a share, in an all cash deal that highlights a...
Benzinga  Jun 12  Comment 
Cooper Tire & Rubber Co (NYSE: CTB) shares climbed 40.51% to $34.51. The volume of Cooper Tire shares traded was 9956% higher than normal. India's Apollo Tyres announced its plans to acquire Cooper Tire for about $2.5 billion. Portland General...





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Cooper Tire & Rubber Company with its affiliates and subsidiaries (Cooper) is a manufacturer and marketer of replacement tires. Cooper focuses on the manufacture and sale of passenger and light and medium truck replacement tires. The Company operates through two segments: North American Tire Operations and International Tire Operations. The North American Tire Operations segment manufactures and markets passenger car and light truck tires, primarily for sale in the United States replacement market. The North American Tire Operations segment also distributes tires for racing, medium truck and motorcycles that are manufactured at the Company's subsidiaries. The International Tire Operations segment has affiliated operations in the United Kingdom and two joint ventures in the People's Republic of China (PRC). The United Kingdom entity manufactures and markets passenger car, light truck, motorcycle and racing tires and tire retread material for the global market.


Strengths:

1. Value 2. High Dividend 3. Dividend since 1950 4. Strong, Experienced Management 5. "Investment Grade"

References

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