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COOPER TIRE & RUBBER-APOLLO TYRES
Apollo Tyres says it's disappointed with Cooper Tire's move to push $2.2 billion acquisition
Reported by: Associated Press
Reported: Saturday, October 5, 2013 2:11 PM EDT
Apollo Tyres Ltd. says it's disappointed that Cooper Tire & Rubber Co. filed a complaint in court asking that Apollo be required to quickly close on their pending deal.
But the deal has been delayed by union talks.
Cooper is asking a court in Delaware to compel Apollo to take actions so that the deal can close.
Apollo says the move isn't needed and that it has been working to assist Cooper in resolving its issues with the United Steelworkers.
It says it wants to close the deal as soon as possible when an agreement is reached with the union.