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Cooper to Appeal Decision in Case Involving Merger

Cooper to Appeal Decision in Case Involving Merger

Findlay-based Cooper Tire and Rubber will appeal a court decision in the stalled 2-and-a-half billion dollar merger with Apollo Tyre of India.

Cooper officials stated in a news release that they believe that Delaware Chancery Court Judge Sam Glasscock’s ruling misconstrues the contract between Cooper and Apollo and has asked the Delaware Supreme Court to reverse the ruling.

The statement went on to say that while Cooper disputes the November 8th decision and points in the Vice Chancellor’s November 9th clarification letter, they are pleased that it was confirmed that Apollo remains required to use its best efforts to reach an agreement with the United Steel Workers.

 

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