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Cooper Tire & Rubber Co. Message Board

  • no_need_no_stinkin_badges no_need_no_stinkin_badges Oct 5, 2013 1:53 PM Flag

    Problem? Cooper sues Apollo for delays in deal

    Me thinks Cooper is getting a bad vibe that Apollo is dragging their feet to delay deal because they do not want to settle labor issues in China and US. If Apollo walks away now, they must pay $112.5 million. If they delay past 12/31/13, Apollo pays nothing. Cooper probably wants to demonstrate that at minimum they get the $112.5 million.
    This could be worse if Apollo is having problems with the financing.

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