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Apollo Tyre

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December 30, 2013 - Industry News

Cooper Will Pursue Damages Against Apollo

Cooper Tire & Rubber Co. said it will pursue damages against Apollo Tyres Ltd. in a webcast following the announcement of its decision to terminate the merger agreement, according to Modern Tire Dealer, a sister publication of HDT.

Tags: Cooper Tire & Rubber Co., Tires, Mergers & Acquisitions, Apollo Tyre

November 11, 2013 - Industry News

Court Rules in Favor of Apollo in Cooper Tire Suit

On Friday, Nov. 8, 2013, Judge Sam Glasscock III, vice chancellor of the Delaware Court of Chancery, ruled that Apollo was not in breach of its merger agreement with Cooper, which had filed a complaint to the contrary.

Tags: Tires, Litigation, Apollo Tyre, Cooper Tire & Rubber Co.

October 7, 2013 - Industry News

Cooper Sues Apollo for Dragging its Feet

Cooper Tire's Roy Armes says the lawsuit against Apollo "is a necessary step in the process to assure that the terms of the merger agreement are met as required"

Apollo Tyres Ltd.'s friendly takeover of Cooper Tire & Rubber Co. is not so friendly anymore. On Friday, Oct. 4, 2013, Cooper filed a complaint in Delaware Chancery Court asking that subsidiaries of Apollo "be required to expeditiously close the pending merger between the two tire companies in accordance with the terms of the definitive merger agreement."

Tags: Cooper Tire & Rubber Co., Tires, Mergers & Acquisitions, Apollo Tyre

June 13, 2013 - Industry News

Apollo Tyres to Acquire Cooper Tire & Rubber Company

Apollo Tyres Ltd and Cooper Tire & Rubber Co. announced the execution of a definitive merger agreement under which a wholly-owned subsidiary of Apollo will acquire Cooper in an all-cash transaction valued at approximately $2.5 billion.

Tags: Cooper Tire & Rubber Co., Mergers & Acquisitions, Apollo Tyre

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