Del. High Court Nixes Cooper Appeal In Apollo Merger Fight

Law360, Wilmington (December 17, 2013, 1:49 PM EST) -- In a surprise U-turn, the Delaware Supreme Court abruptly decided late Monday to dismiss Cooper Tire & Rubber Co.'s fast-tracked appeal of the Chancery Court's refusal to push through a $2.5 billion merger with Apollo Tyres Ltd., landing the case back in the lower court.

In a two-paragraph order, Justice Randy J. Holland said that the high court concluded that Cooper's interlocutory appeal of the Chancery Court's November ruling was “improvidently accepted” and ordered the appeal, which was scheduled to be heard Thursday, dismissed.

Ohio-based Cooper,...
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