A Smaller Apollo Tyres of India to buy out a Bigger Cooper of USA ~ Foolish or Fantastic !? Market thinks it’s Foolish as it dropped Apollo down over 25% !

The Deal Size announced is US $ 2.5 Billion ~ Apollo Tyres Share Price took a massive beating on Thursday losing over one fourth of it’s Market Cap by closing over 25% down at Rs 68.60 ( Rs 1 FV)  from Previous Day Closing of Rs 92 on BSE  with Trading Volumes at over 8 million shares and over ten times the  Two week Average before considering  this Thursday abnormal Volume

Market Cap is down to Rs 3457 Crs or @ US % 591 m at Exchange Rate of Rs 58.41 to the US $

So an interesting perspective is that Apollo Tyres with a Market Cap of under US $ 600 m is taking over Cooper at US $ 2.5 Billion ~ that’s  nearly  five times Market Cap

Foolish or Fantastic !?

So is Apollo Tyres a Buying Opportunity at @ Rs 69 !?