COOPER TIRE STATEMENT ON DELAWARE COURT HEARING
(The following is a reformatted version of a statement issued by Cooper Tire & Rubber Company and received via electronic mail. The release was confirmed by the sender.)
We are pleased the Delaware Chancery Court has agreed to Cooper’s request for an expedited hearing of our complaint and will proceed along the Court’s stated timeline to hear the case in early November. The strategic rationale for the pending merger with Apollo Tyres remains compelling and we believe it will create value for all stakeholders. We look forward to closing the pending merger as soon as possible.