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Bourses batten Apollo stock

2013-06-14 02:20:17| Industrial Machines - Topix.net

Mumbai, June 13: The Apollo Tyres' stock plunged over 25 per cent to close at Rs 68.60 on the Bombay Stock Exchange as investors and analysts feared the tyre maker may have "bitten off more than it could chew" by offering to acquire Cooper Tire & Rubber Company of the US in an all-cash deal valued at $2.5 billion.

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