TUPELO, MISS. — Indian tire company, Applo Tyers Ltd., is buying out Ohio based Cooper Tire & Rubber Co. for about $2.22 billion. The combined companies will be one of the worlds largest tire makers. As of now it is unknown how the buyout will affect Cooper’s plant in Tupelo, Miss, but Cooper officials say the deal is in the best interest of company shareholders.
The sale is expected to be finalized the second half o this year.