Update: US court “vindicates” Apollo in dispute with Cooper

London – Apollo Tyres Ltd has issued a statement on the judgement of Delaware Chancery Court dated 31 Oct relating to ongoing litigation in the company’s dispute with Cooper Tire & Rubber Co.

The Apollo statement included a link to a Bloomberg report which said that the judge had ruled against Cooper in its bid for a $112-million breakup fee over Apollo’s failure to complete a $2.5-billion buyout of the US tire maker.

The judge, said the report, sided with Apollo which argued that it had been entitled to exit…

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