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Cooper Tire Asks Judge to Fast-Track Apollo Dispute

Cooper Tire & Rubber Co. asked a Delaware judge to fast-track its dispute over a proposed $2.5 billion takeover by Apollo Tyres Ltd. and to hold a trial by Nov. 7. Cooper shares fell the most in more than two years.

Cooper, based in Findlay, Ohio, said June 12 that it would be bought by Gurgaon, India-based Apollo for $35 a share, sparking four lawsuits by investors seeking more money. Cooper has now sued Apollo to force the transaction after the Indian firm said the price was too high. The deal was scheduled to close on Oct. 4.