Failed Apollo Tyres Bid
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Indian-American Jailed For $1 Million Insider Trading Scheme
An Indian-American man has been sentenced to 20 months in prison for a $1 million insider trading scheme involving the failed Apollo Tyres bid to takeover Cooper Tire, prosecutors said on Wednesday.
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Apollo's failed deal sows doubt on future Indian merger and acquisitions
While some bankers said Apollo's bid for Cooper was risky due to the larger size of the target, the outcome will add to skepticism about the ability of Indian family-run firms to execute large cross-border deals despite their need to search for growth abroad.
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Indian-American Jailed For $1 Million Insider Trading Scheme
An Indian-American man has been sentenced to 20 months in prison for a $1 million insider trading scheme involving the failed Apollo Tyres bid to takeover Cooper Tire, prosecutors said on Wednesday.
-
Apollo's failed deal sows doubt on future Indian merger and acquisitions
While some bankers said Apollo's bid for Cooper was risky due to the larger size of the target, the outcome will add to skepticism about the ability of Indian family-run firms to execute large cross-border deals despite their need to search for growth abroad.
