India-based Apollo Tyres is buying Findlay-based Cooper Tire & Rubber for 2.22 billion dollars. Apollo says the combined company will be one of the world's largest tire makers, with a strong presence across four continents and combined 2012 sales of $6.6 billion. Under the terms of the deal, Cooper shareholders will receive $35 per share in cash. The price represents a 42 percent premium over Cooper's Tuesday closing stock price. Findlay-based Cooper says the deal is in the best interests of its shareholders. The sale, which remains subject to Cooper shareholder and regulatory approvals, is expected to close in the second half of this year.
Mike Foley joined WCBE in February 2000, coming from WUFT in Gainesville, Florida. Foley has worked in various roles, from producing news and feature stories to engineering Live From Studio A sessions. A series of music features Foley started in 2018 called Music Journeys has grown into a podcast and radio show. He also assists in developing other programs in WCBE's Podcast Experience. Foley hosts The Morning Mix, a weekday music show featuring emerging and established musicians, our Columbus-area and Ohio-based talent, and additional artists that inspire him.