BUYOUT OF COOPER TIRE - LAW FIRM SEEKS HIGHER PRICE
June 12, 2013
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Cooper Tire & Rubber Co. Apollo Tyres Ltd (NSE:ApolloTYRE) and Cooper Tire & Rubber Company (CTB) today announced the execution of a definitive merger agreement under which Apollo will acquire Cooper in an all-cash transaction valued at approximately $2.5 billion. Under the terms of the agreement, Cooper stockholders will receive $35.00 per share in cash.
The investigation concerns whether the senior management of Cooper and its board of directors obtained the highest price possible for shareholders, while, at the same time, negotiating new employment agreements, and personal pay packages and benefits for themselves. If you are a shareholder of Cooper and would like to participate with other shareholders who are seeking a higher price, at no cost or expense, please contact us at 1-877-772-3975 or email at contact @ tripplevy