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Manufacturing M&A image Manufacturing M&A » By The Online Investor Staff, updated Sun., Apr. 11, 9:41 AM Recent mergers and acquisitions in the Manufacturing M&A category.

Slide #95. Apollo Tyres Cooper Tire & Rubber Company

Acquirer: Apollo Tyres
Acquiree: Cooper Tire & Rubber Company (NYSE:CTB)
Details: Apollo Tyres Ltd (NSE: ApolloTYRE) and Cooper Tire & Rubber Company (NYSE:CTB) today announced the execution of a definitive merger agreement under which a wholly-owned subsidiary of Apollo will acquire Cooper in an all-cash transaction valued at approximately $2.5 billion. Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, Cooper stockholders will receive $35.00 per share in cash. The transaction represents a 40% premium to Cooper's 30-day volume-weighted average price.



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Company Name: 
Cooper Tire & Rubber Co.
Stock buyback: 
CTB buyback
Website: 
www.coopertire.com
Sector: 
Auto Parts
Number of ETFs Holding CTB: 
54
Total Market Value Held by ETFs: 
$667.57M
Total Market Capitalization: 
$2.86B
% of Market Cap. Held by ETFs: 
23.32%
 

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Quotes delayed 20 minutes



Hold (2.00 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

Analysts' Target Price:
CTB Stock Forecast

Based on Zacks ABR data;
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