Hagens Berman Investigates Securities Fraud Claims Over Terminated Cooper Tire Merger on Behalf of Institutional Investors;

  Hagens Berman Investigates Securities Fraud Claims Over Terminated Cooper
  Tire Merger on Behalf of Institutional Investors; Announces March 18, 2014
  Lead Plaintiff Deadline

Business Wire

SEATTLE -- January 23, 2014

Hagens Berman Sobol Shapiro LLP ("Hagens Berman"), a national investor-rights
law firm, today announced it is investigating, on behalf of institutional
investors, the terminated merger of Cooper Rubber & Tire Company (“Cooper” or
the “Company”) (NYSE: CTB) following the filing of a securities class-action
lawsuit claiming the Company and its officers caused significant financial
losses to stockholders by withholding risks and misrepresenting information
associated with a failed sale to India-based Apollo Tyres Ltd (“Apollo”).
Investors or stockholders who suffered significant financial losses related to
the case are invited to email CTB@hbsslaw.com for more information.

The lawsuit was filed on behalf of all persons or entities that purchased or
acquired securities or company stock between June 12, 2013, and Nov. 8, 2013
(the “Class Period”). The lawsuit is also on behalf of Cooper stockholders of
record as of the close of business on Aug. 30, 2013, that had been entitled to
vote on the proposed merger between Cooper and Apollo.

Intuitional investors, money managers, funds and persons with losses in excess
of $300,000 who would like to discuss the investigation, the merits of the
claims, or the options for participating in litigation are invited to contact
Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation,
by calling 510-725-3000 or emailing CTB@hbsslaw.com. The deadline to file as
Lead Plaintiff in the case is March 18, 2014. Additional information is
available at http://hb-securities.com/investigations/CTB.

On June 12, 2013, Cooper announced that it had entered into an agreement to be
acquired by Apollo for $35 per share, which would create the seventh-largest
tire manufacturer in the world by revenue. Following this announcement Coopers
stock price skyrocketed from around $23 per share to over $34 per share.

According to the firm’s investigation, beginning on Oct. 4, 2013, a series of
disclosures alerted stockholders that the merger was in jeopardy. On Oct. 4,
2013, Cooper filed a lawsuit against Apollo in an attempt to force through the
deal. Cooper stock fell from $31.27 per share on October 3, 2013 to close at
$25.72 per share on October 7, 2013, wiping out over $300 million in
shareholder value.

To date, Hagens Berman’s investigation strongly suggests that Cooper was aware
of severe undisclosed risks to the merger but never informed investors.
Evidence produced in a November trial over the terminated merger indicates
Cooper and Apollo pursued the merger in the face of opposition by Che Hongzhi
– the chairman of the Chengshan Group, which is the 35 percent joint venture
owner of Cooper’s most important subsidiary, Cooper Chengshan Tire Company,
Ltd. According to that testimony, formal negotiations beginning in May 2013
revealed that Chengshan objected to the deal, and eventually demanded $400
million for its stake in the venture — or nearly one-sixth of the cost of the
entire deal.

Hagens Berman is also investigating other potential undisclosed issues, which
the firm believes were material to investors, including:

  *Chengshan Group had been in talks about making its own bid for Cooper when
    Cooper agreed to a deal with Apollo;
  *In March 2013, Apollo and Cooper first identified Chengshan’s objection,
    and in May, Mr. Hongzhi made a troubling statement to both companies in a
    meeting;
  *Within one month of the June merger announcement, Roy Ames, Cooper’s CEO,
    met with Mr. Hongzhi to try to overcome his objections.

Hagens Berman is continuing its investigation and invites further information.

About Hagens Berman

Hagens Berman Sobol Shapiro LLP is an investor-rights class-action law firm
with offices in nine cities including Seattle, San Francisco, Boston, Chicago,
Colorado Springs, Los Angeles, New York City, Phoenix, and Washington D.C. The
Firm represents investors, whistleblowers, workers and consumers in complex
litigation. More about the law firm and its successes can be found at
www.hbsslaw.com. The Firm’s Securities Newsletter is at
http://www.hb-securities.com/newsletter. The Firm’s securities law blog is at
http://www.meaningfuldisclosure.com.

Contact:

Firmani + Associates
Mark Firmani, 206-443-9357
Mark@firmani.com