In a letter to presiding judge Sam Glasscock III, Apollo Tyres lawyer sought the dismissal of the case filed against them by Cooper Tire & Rubber Co.
Tags: Apollo Tyres Ltd.
Cooper Tire loses court bid to force close its $2.3 billion Apollo merger deal
The Delaware Supreme Court on Monday dismissed Cooper Tire & Rubber Company's appeal against an earlier court ruling favoring Indian tire maker Apollo Tyres Ltd. The two companies went on trial in November over the stalled merger deal.
Top deals of the Day - Bids, Mergers & Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Monday including Forbes, Axel Springer, MidCap Financial LLC, Goldman Sachs and others.
Cooper seeks Supreme Court ruling forcing Apollo to close USD2.3 billion merger
American tire company Cooper Tires & Rubber Co. seeks to obtain a Supreme Court ruling forcing India's Apollo Tyres to complete the merger. The USD2.3 billion deal would make Apollo the seventh-biggest tire maker in the world.
Cooper seeks higher court to ruling on delayed takeover
Cooper had sought the jurisdiction of the Delaware Supreme Court to rule on the order by Delaware Chancery Court Judge Sam Glasscock III finding no fault on Apollo for the delayed merger.
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Apollo Tyres Ltd and Cooper Tire & Rubber Co could not seem to agree on the initial price of its buyout deal.
A Reuters report said that the USD2.5 billion takeover proposal of Cooper Tire and Rubber Co by Apollo Tyres Ltd would be awaiting shareholder approval.
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