Quantcast

Hearing set for Cooper-Apollo merger - KTBS.com - Shreveport, LA News, Weather and Sports

Hearing set for Cooper-Apollo merger

Posted: Updated:
Dover, Delaware -

Cooper Tire and Rubber Company faces more legal issues in its deal with Apollo Tyres.

Delaware's Supreme Court will hear on December 19th Cooper Tire's appeal of a lower court decision that found Apollo Tyre was not in breach of an agreement to buy the U.S. company for $2.3 billion.

Cooper is seeking a declaration that Apollo is in breach of the merger agreement.

Apollo has said it cannot close the deal because it has been unable to reach a labor deal with workers at Cooper plants in Findlay, Ohio and Texarkana, Arkansas.  

Statement from Copper Tire:

Cooper Tire & Rubber Company is pleased that the Delaware Supreme Court has granted our motion for an expedited hearing of our appeal of the partial ruling issued November 8/opinion letter issued November 9 by the Delaware Chancery Court. The hearing is set for December 19 in Dover, Delaware. Cooper continues to seek the expeditious closing of the merger with Apollo Tyres.

  • ArkLaTex SlideshowsMore>>

  • ArkLaTex Adoptable Pets

    ArkLaTex Adoptable Pets

    Friday, August 29 2014 6:12 PM EDT2014-08-29 22:12:16 GMT
    There are lots of animals in the Ark-La-Tex who are looking for that perfect home.
    There are lots of animals in the Ark-La-Tex who are looking for that perfect home.
  • KTBS 3 Viewer's Pets

    KTBS 3 Viewer's Pets

    Thursday, August 28 2014 7:00 PM EDT2014-08-28 23:00:16 GMT
    Viewer's petsViewer's pets
    Viewer's pets
    Viewer's pets
  • Louisiana Department of Children and Family Services Adoptable Children

    Louisiana Department of Children and Family Services Adoptable Children

    Thursday, August 28 2014 6:44 PM EDT2014-08-28 22:44:11 GMT
    DJanaeDJanae
    Foster/Adoption Parenting Minimum Qualifications and Steps to Certification Minimum Qualifications for Certification.
    Foster/Adoption Parenting Minimum Qualifications and Steps to Certification Minimum Qualifications for Certification.
  • NationalMore>>

  • Detroit's historic bankruptcy trial to begin

    Detroit's historic bankruptcy trial to begin

    Tuesday, September 2 2014 10:32 AM EDT2014-09-02 14:32:37 GMT
    Lawyers for Detroit will attempt to convince a judge with the start of the city's bankruptcy trial that its plans to wipe out billions of dollars in debt should be approved.
    Starting Tuesday, lawyers for Detroit will attempt to convince a federal judge at the city's bankruptcy trial that its plans to wipe out the city's billions of dollars in debt should be approved.
  • Experimental Ebola drug heals all monkeys in study

    Experimental Ebola drug heals all monkeys in study

    Tuesday, September 2 2014 10:22 AM EDT2014-09-02 14:22:32 GMT
    By MARILYNN MARCHIONE AP Chief Medical Writer An experimental Ebola drug healed all 18 monkeys infected with the deadly virus in a study, boosting hopes that the treatment might help fight the...
    By MARILYNN MARCHIONE AP Chief Medical Writer An experimental Ebola drug healed all 18 monkeys infected with the deadly virus in a study, boosting hopes that the treatment might help fight the outbreak...
  • 32 teens escape from Nashville detention center

    32 teens escape from Nashville detention center

    Tuesday, September 2 2014 10:01 AM EDT2014-09-02 14:01:35 GMT
    A spokesman says more than 30 teens escaped from a Nashville youth detention center and 17 are still being sought.
    Thirty-two teens escaped from a Nashville youth detention center by crawling under a weak spot in a fence late Monday, and 10 of them were still on the run Tuesday, a spokesman said.
  • KTBS 3 News Tips

    Send your news tip or story idea to the KTBS 3 Newsroom.  Enter your email address below to get started.

    * denotes required fields
    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thank you for your submission to KTBS 3 News.  A member of our staff may contact you for more information.

Share Your Images
Powered by WorldNow
    Powered by WorldNow
    All content © Copyright 2000 - 2014 Worldnow and KTBS. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
    Advertising | EEO Public File | KTBS 3 Public File | KPXJ 21 Public File