Apollo-Cooper Deal Closer to Completion as Review Period Closes

Apollo Tyres and Cooper Tire & Rubber Co. have announced that the Hart-Scott-Rodino (HSR) review period for the pending merger of the two companies expired on July 26 with no action by the Federal Trade Commission or the Department of Justice.

The expiration of the HSR review period satisfies one of the conditions necessary for the transaction, announced on June 12, to close. Cooper and Apollo said they expect that, subject to the remaining customary closing conditions, the transaction will be completed before the end of the year.

“The strategic combination of Apollo and Cooper will bring together two companies with highly complementary brands, geographic presence, and technological expertise to create a global leader in tire manufacturing and distribution,” the companies said in a statement. “The combined company will have a full range of products, strong brands and greater ability to satisfy customer needs worldwide.”

GRI recently conducted programs in Sri Lanka to empower women and motivate children under its Green x Circle initiative. The company said these endeavors aimed to address the needs of the community, focusing on both women empowerment and youth motivation.

GRI recently organized a training program titled "Management of household finance under current economic conditions" at the Ingiriya Rubber Collecting Center in Sri Lanka, South Asia led by Shashika Nimali, an NLP practitioner and life coach. The company said this initiative provided women in the industry with essential skills and knowledge to effectively manage household finances. GRI's tailored training sessions equipped participants with tools for informed decision-making, ultimately fostering greater financial security and independence, the company said.