Cooper Tire Selling Itself Short In $2.5B Merger, Suit Says

Law360, Los Angeles (June 20, 2013, 6:30 PM EDT) -- A Cooper Tire & Rubber Co. shareholder on Tuesday filed a proposed class action against the company in an effort to block its $2.5 billion all-cash merger with Apollo Tyres Ltd., saying Cooper's executives pursued their own interests at the expense of the company's shareholders. 

The Iron Building Co. accused Ohio-based Cooper of breaching its fiduciary duties to its shareholders by agreeing to unfair terms with Apollo to lock into the agreement, through which a wholly owned subsidiary of the India-based tire manufacturer will acquire Cooper....
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