Press release from Business Wire
Cooper Tire & Rubber Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale of Cooper Tire & Rubber to Apollo Tyres Ltd.
Wednesday, June 12, 2013
Cooper Tire & Rubber Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale of Cooper Tire & Rubber to Apollo Tyres Ltd.10:39 EDT Wednesday, June 12, 2013
DALLAS (Business Wire) -- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Cooper Tire & Rubber Company (“Cooper Tire”) (NYSE: CTB) to Apollo Tyres Ltd. for shareholders. Under the terms of the proposed sale, Cooper Tire shareholders will receive only $35.00 in cash for each share of Cooper Tire stock owned. The proposed buyout is valued at approximately $2.22 billion.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via email at firstname.lastname@example.org. There is no cost or fee to you.
The investigation of the CTB sale concerns whether Cooper Tire's shareholders are receiving adequate value their shares and whether Cooper Tire's board breached their fiduciary duties to the shareholders by not attempting to obtain the highest share price for all shareholders prior to agreeing to the deal.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Powers Taylor, LLP
Patrick Powers, 877-728-9607