Cooper Tire in tentative deal with workers over merger


Cooper Tire & Rubber Co said it reached a tentative agreement with workers represented by United Steelworkers union, regarding its planned $2.5 billion sale to India's Apollo Tyres Ltd .

An arbitrator ruled in September that the sale could not close unless Apollo drew up a collective bargaining agreement with the union that represents workers at two Cooper plants.

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The new labor deal agreed to on Wednesday is subject to review by Apollo, as well as ratification by the union's membership, Cooper said in a filing on Friday.

(Reporting by Mridhula Raghavan in Bangalore; Editing by Maju Samuel)