India’s Apollo Tyre has made its goal clear: to be a global leader in tyres. Its $2.5bn deal to acquire the US’s Cooper Tire shows how aggressive it is prepared to be to get there. Apollo and Cooper together will be the seventh largest global tyremaker (Cooper is currently 11th, Apollo 15th). The boldness lies in the smaller Apollo buying Cooper for a formidable 40 per cent premium, and paying in cash.
印度阿波羅輪胎(Apollo Tyre)的目標已十分清晰——它想要成為輪胎行業的全球領先者。該公司以25億美元收購美國固鉑輪胎(Cooper Tire)的舉動表明,該公司為實現以上目標打算采取何等激進的措施。合并后的阿波羅和固鉑將成為全球第七大輪胎制造商(目前固鉑排在全球第11位,阿波羅則排第15位)。該筆收購的大膽之處在于,規模較小的阿波羅以40%的可觀溢價收購固鉑,并且是以現金收購。
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