Apollo Tyres Ltd., India’s second- biggest tiremaker by market value, agreed to acquire Cooper Tire & Rubber Co. for about $2.5 billion for greater access to the U.S. automotive market.

Apollo Tyres, based in Gurgaon, India, agreed to pay $35 a share to stockholders of Cooper Tire. That’s 43 percent higher than yesterday’s closing price of $24.56. Cooper Tire shares rose 41 percent to $34.70 at 9:39 a.m. New York time.

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