Key Developments: Cooper Tire & Rubber Co (CTB)
32.60USD
19 Jun 2013
$-0.50 (-1.51%)
$33.10
$33.06
$33.14
$32.10
4,829,433
1,772,379
$34.79
$15.74
Latest Key Developments (Source: Significant Developments)
Lifshitz Law Firm Announces Investigation Of Cooper Tire & Rubber Co
Lifshitz Law Firm announced an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Cooper Tire & Rubber Co to Apollo Tyres Ltd in a cash transaction valued at approximately $2.5 billion or $35.00 per share in cash. Lifshitz Law Firm's investigation is focused on whether the proposed deal provides adequate value to the Cooper's shareholders. Full Article
Rigrodsky & Long, P.A. Announces Investigation Of Cooper Tire & Rubber Co Buyout
Rigrodsky & Long, P.A. announced that it is investigating potential legal claims against the board of directors of Cooper Tire & Rubber Co regarding possible breaches of fiduciary duties and other violations of law related to the Company`s entry into an agreement to be acquired by Apollo Tyres Ltd. (Apollo) in a transaction valued at approximately $2.5 billion. Under the terms of the agreement, public shareholders of Cooper will receive $35.00 per share in cash for each share of Cooper they own. The investigation concerns whether Cooper`s board of directors failed to adequately shop the Company and obtain the best possible value for Cooper`s shareholders before entering into an agreement with Apollo. Full Article
Harwood Feffer LLP Announces Investigation Of Cooper Tire & Rubber Co
Harwood Feffer LLP announced that it is investigating potential claims against the board of directors of Cooper Tire & Rubber Co concerning the proposed acquisition of the Company by Apollo Tyres Ltd. On June 12, 2013, Cooper announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Apollo. Under the terms of the agreement, Cooper shareholders will receive $35 for each Cooper share owned. The investigation concerns whether the Cooper board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders. Full Article
Law Firm Brower Piven Announces Investigation of Cooper Tire & Rubber Co Proposed Buyout
The securities litigation firm of Brower Piven, A Professional Corporation, announced that it has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Cooper Tire & Rubber Co (Cooper Tire or the Company) and other violations of state law by the board of directors of Cooper Tire relating to the proposed buyout of the Company by Apollo Tyres Ltd. The firm`s investigation seeks to determine, among other things, whether the board of directors of Cooper Tire breached their fiduciary duties by failing to maximize shareholder value. According to the press release announcing the proposed buyout, Cooper Tire shareholders will receive $35.00 per share in cash for each share of Cooper Tire common stock they own. Full Article
Ryan & Maniskas, LLP Announces Investigation Of Cooper Tire & Rubber Co
Ryan & Maniskas, LLP announced that it is investigating potential claims against the board of directors of Cooper Tire & Rubber Co concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Apollo Tyres Ltd. in a transaction valued at approximately $2.5 billion. Full Article
Law Office of Brodsky & Smith, LLC Announces Investigation Of Cooper Tire & Rubber Co
Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of Cooper Tire & Rubber Co relating to the proposed acquisition by Apollo Tyres Ltd. Under the terms of the transaction, Cooper Tire shareholders will receive only $35.00 in cash for each share of Cooper Tire stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Cooper Tire for not acting in the Company's shareholders' best interests in connection with the sale process. Specifically, the investigation seeks to determine if the Board of Directors failed to adequately shop the Company before agreeing to enter into the transaction, and thereby harmed Copper Tire shareholders. Full Article
Kahn Swick & Foti, LLC Investigates Cooper Tire & Rubber Co Following Announcement of Proposed Sale to Apollo Tyres Ltd
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (KSF) announced that KSF has commenced an investigation into the Board of Directors of Cooper Tire & Rubber Co in connection with their conduct related to the sale of the Company to Apollo Tyres Ltd. Under the terms of the proposed transaction, shareholders of Cooper will receive $35.00 in cash for each share of Cooper common stock that they own. KSF`s investigation is focusing on whether Cooper and/or its officers and directors secured sufficient value for the shareholders of the Company, violated their fiduciary duties, and/or violated state or federal securities laws. Full Article
Rigrodsky & Long, P.A. Announces Investigation Of Cooper Tire & Rubber Co Buyout
Rigrodsky & Long, P.A. announced that it is investigating potential legal claims against the board of directors of Cooper Tire & Rubber Co regarding possible breaches of fiduciary duties and other violations of law related to the Company`s entry into an agreement to be acquired by Apollo Tyres Ltd. (Apollo) in a transaction valued at approximately $2.5 billion. The investigation concerns whether Cooper`s board of directors failed to adequately shop the Company and obtain the best possible value for Cooper`s shareholders before entering into an agreement with Apollo. Full Article
Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By Board of Cooper Tire & Rubber Co In Connection With Sale Of Company To Apollo Tyres Ltd
Levi & Korsinsky is investigating the Board of Directors of Cooper Tire & Rubber Company (Cooper or the Company) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Apollo Tyres Ltd. Under the terms of the transaction Cooper shareholders will receive $35.00 for each share of Cooper stock they own. The transaction has a total approximate value of $2.5 billion. The investigation concerns whether the Cooper Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether Apollo Tyres Ltd. is underpaying for Cooper stock, thus unlawfully harming Cooper shareholders. Full Article
Holzer Holzer & Fistel, LLC Announces Investigation Into Proposed Buyout Of Cooper Tire & Rubber Co
Holzer Holzer & Fistel, LLC announced that it is investigating whether the directors of Cooper Tire & Rubber Company (Cooper Tire or the Company) complied with their fiduciary duties in connection with approving the offer to buyout the Company made by Apollo Tyres LTD. According the Company, if the transaction closes Cooper Tire shareholders would receive $35 per share for each share of CTB owned. The firm`s investigation seeks to determine, among other things, whether the consideration to be paid to Cooper Tire shareholders is fair and adequate. Full Article
RPT-DEALTALK-Cheap foreign loans spur India's outbound M&A march
MUMBAI/HONG KONG, June 17 - Foreign banks are fuelling India's recent burst of overseas takeover bids, offering cheap U.S. dollar loans to Indian corporates hungry to expand beyond their home state.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
