Jones Day and Sullivan lead as India's Apollo purchases US tyre company
Jones Day and Sullivan & Cromwell have taken lead roles on the $2.5bn (£1.6bn) acquisition of US company Cooper Tire & Rubber by India's Apollo Tyres. The all-cash transaction gives Apollo – which is headquartered in Gujarat – access to the lucrative US market and creates the seventh largest tyre company in the world, with a presence in four continents. Jones Day took the lead role for Cooper, fielding a Cleveland and New York team led by corporate partners Lyle Ganske, Peter Izanec and James Dougherty. The firm also advised on employee benefits, antitrust, employment and banking matters.
Jones Day and Sullivan & Cromwell have taken lead roles on the $2.5bn (£1.6bn) acquisition of US company Cooper Tire & Rubber by India’s Apollo Tyres.
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