- Cooper Tire & Rubber (CTB) goes to court today in Delaware in an attempt to force Apollo Tyres to complete its purchase of the company at the original terms despite ongoing labor issues.
- The judge in the fast-tracked case will have to determine if a "material adverse effect" has cropped up which would allow a new acquisition price to be negotiated.
- CTB -0.1% premarket to $25.61 vs. the original buyout offer of $35/share.
Cooper Tire & Rubber and Apollo Tyres go to court
Nov 5 2013, 09:21 ET