Apollo win The Case Against U.S. company

Apollo tire company in terms of its $ 2.5 billion merger agreement with U.S. company has won a lawsuit against Cooper Tire . Delaware Supreme Court has ruled in favor of the Indian Company .
The company is happy with this decision . Apollo Cooper Tire & Rubber Company in June this year signed an agreement to acquire . U.S. company wanted to implement as soon as the takeover deal . Delaware Court of Chancery in October, Cooper said in the complaint that the Indian company is delaying the completion of the acquisition . Findle of the company , employees will be affected plant in Ohio and Arkansas . Chancery Court in this case , the two companies said in its interim decision on the time to complete this transaction . Agreement to complete the transaction on December 31, 2013 was fixed .
Apollo said Cooper, resort to the legal dispute to no avail him . This has increased the cost of Apollo and its shareholders . Apollo news of winning the case in the Bombay Stock Exchange , the stock closed with a gain of two per cent .