Press release from PR Newswire
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Cooper Tire & Rubber Company in Connection with the Sale of the Company to Apollo Tyres Ltd.
Thursday, June 20, 2013
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Cooper Tire & Rubber Company in Connection with the Sale of the Company to Apollo Tyres Ltd.12:33 EDT Thursday, June 20, 2013
NEW YORK, June 20, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Cooper Tire & Rubber Company ("Cooper" or the "Company") (NYSE: CTB) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Apollo Tyres Ltd. (NSE: APOLLOTYRE).
Click here to learn more about the investigation http://zlk.9nl.com/cooper-tire-rubber-ctb/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction Cooper shareholders will receive $35.00 for each share of Cooper stock the 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.
If you own common stock in Cooper and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/cooper-tire-rubber-ctb/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171www.zlk.com
SOURCE Levi & Korsinsky, LLP