Apollo Tyres down over 15 percent on Cooper Tire purchase

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Apollo Tyres offers drooped more than 15 percent on Thursday as its purchase of U.s.-based Cooper Tire & Rubber Co (Ctb.n) for about $2.5 billion is seen expanding the association's obligation levels. 

The bargain, which was published late Wednesday, is at a premium of in the vicinity of 43 percent to Cooper's Tuesday close. 

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