According to the Tire Review website, the Dalaware Supreme Court recently approved a request for Cooper Tire to expedite the delay in hearing Apollo’s tire delays in the acquisition, which will take place in Dover on November 19th. The court hearing. The Delaware State Justice Judge Sam Glasscock made a preliminary judgment on the 8th of this month, arguing that Apollo Tire India fulfilled the terms of the merger and acquisition transaction with Cooper and did not intentionally delay the completion of the transaction. Cooper Tire then appealed again to the Supreme Court of Delaware and sought to expedite the appeal process, thus completing the judgment before the Apollo deal expired on December 31st. Cooper Tire said in a statement that the company "is pleased that the Supreme Court of Delaware approves its request to speed up the trial ... The company will continue to seek to complete the merger and acquisition transaction with Apollo tyres as soon as possible." Cooper Tire was originally scheduled to release its third-quarter financial report on the 14th of this month, but the company submitted a report to the Securities and Exchange Commission on the 12th saying that its third-quarter financial report will be postponed due to the company’s joint venture in China. - Cooper Chengshan refused to provide financial data to it. The preparation of the third quarter financial report is a necessary condition for the completion of the acquisition of Cooper tires , because Apollo Tire needs to provide the bank with the financial data of Cooper tires, otherwise it cannot raise the funds required for M&A by borrowing money. Apollo Tire said that the company needed a loan of $1.875 billion for this acquisition.
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