Cooper Tire Stockholders To Vote Sept. 30 On Acquisition By Apollo Tyres

(RTTNews) - Replacement tires maker Cooper Tire & Rubber Co. (CTB) announced Friday that it has filed a definitive proxy statement with the U.S. Securities and Exchange Commission and scheduled a special meeting of stockholders for September 30, 2013 at 10 a.m. Eastern to consider and vote on the previously announced merger with a subsidiary of Apollo Tyres Ltd.

Cooper stockholders of record as of the close of business August 30, 2013 are entitled to vote at the special meeting, which will take place at the law offices of Jones Day, 901 Lakeside Ave., North Point, Cleveland, Ohio 44114, Cooper Tire said.

It was on June 12, 2013, Cooper Tire & Rubber announced it has agreed to be acquired by a wholly-owned subsidiary of India-based Apollo Tyres Ltd., in an all-cash transaction valued at about $2.5 billion. As per the terms of the deal that has been unanimously approved by the boards of directors of both companies, Cooper stockholders would receive $35 per share in cash.

The companies have already received the U.S. and foreign regulatory clearance necessary to close the transaction.