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Cooper Tire & Rubber files appeal in Apollo Tyres case

  • Cooper Tire & Rubber (CTB -4.2%) files an appeal with the Delaware Supreme Court to challenge a partial ruling issued in a lower state court which found the company has to do more to show it has abided by the terms of the deal agreement with Apollo Tyres.
  • Analysts think that without the help from the higher court in Delaware it could be difficult for Cooper to provide Q3 results by a deadline later this week.
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