Apollo Tyres says it will acquire Cooper Tire & Rubber company in an all-cash deal worth US$2.5bn, with both businesses having joint sales of US$6.6bn.
(Reuters) - India's Apollo Tyres Ltd said it would buy U.S.-based Cooper Tire & Rubber Co for about $2.5 billion in a deal that would make it the world's seventh-largest tire maker.
Canadian investment groups OMERS Private Equity and Alberta Investment Management Corporation will pay ?935M ($1.45B) for pan-European multiplex operator Vue Entertainment. Vue’s current owner, private equity firm Doughty Hanson, acquired the group in 2010 for ?450M and expanded its holdings at home and abroad with the acquisitions of Britain’s Apollo Cinemas, Germany’s CinemaxX, and, most recently, Poland’s Multikino. The company now has 146 cinemas and 1,321 screens. The transaction is expected to close by late July. Vue founder and CEO, Tim Richards, will stay with the business.
LOS ANGELES (AP) — Neil Armstrong's name is attached to a lunar crater, an asteroid, more than a dozen schools and a museum, but not a single NASA facility is christened in honor of the man whose "giant leap" made him the first to walk on the moon.
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