Cooper Tire loses $112 million Apollo deal breakup fee bid1 min read . Updated: 31 Oct 2014, 10:58 PM IST
A judge in Delaware state court in Wilmington ruled that Cooper didn't satisfy the closing conditions of the deal
Delaware, Wilmington: Cooper Tire & Rubber Co. lost a bid for a $112 million breakup fee after a judge sided with India-based rival Apollo Tyres Ltd., which claimed a failure to honour terms of a buyout agreement doomed the $2.5 billion sale of the US tiremaker.
Select your Category