Del. High Court To Hear Appeal In Cooper-Apollo Tire Tussle

Law360, Wilmington (November 18, 2013, 4:27 PM EST) -- The Delaware Supreme Court on Friday granted Cooper Tire & Rubber Co.'s request for an expedited appeal in its bid to push through its troubled $2.5 billion takeover by Apollo Tyres Ltd., scheduling oral arguments just weeks before the parties can choose to walk away from the deal.

Cooper's interlocutory appeal challenges a Nov. 8 Chancery Court finding that Apollo used its best efforts to reach new contracts with union employees at Cooper's U.S. plants, one of two major stumbling blocks that have kept the merger...
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