Cooper Tire & Rubber Company Appeals Nov 8 Delaware Chancery Court Ruling

Cooper Tire & Rubber Company CTB today filed with the Delaware Supreme Court an appeal of the partial ruling rendered November 8, 2013 by Delaware Chancery Court Vice Chancellor Sam Glasscock, III, in the case Cooper filed against Apollo Tyres (NSE: ApolloTYRE) on October 4, 2013. Cooper asked the Delaware Supreme Court to rule on its appeal on an expedited basis—prior to December 31, 2013, the date through which its merger agreement with Apollo remains in effect. Until that date, according to the November 8 partial ruling, both Cooper and Apollo are required to continue to perform their obligations under the merger agreement. Cooper issued the following See full press release