Rigrodsky & Long, P.A. Announces Investigation Of Cooper Tire & Rubber Company Buyout

Rigrodsky & Long, P.A.:
  • Do you own shares of Cooper Tire & Rubber Company (NYSE: CTB )?
  • Did you purchase any of your shares prior to June 12, 2013?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Cooper Tire & Rubber Company (“Cooper” or the “Company”) (NYSE: CTB) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Apollo Tyres Ltd. (“Apollo”) in a transaction valued at approximately $2.5 billion.

Click here to learn more: http://www.rigrodskylong.com/investigations/cooper-tire-and-rubber-company-ctb.

Under the terms of the agreement, public shareholders of Cooper will receive $35.00 per share in cash for each share of Cooper they own.

The investigation concerns whether Cooper’s board of directors failed to adequately shop the Company and obtain the best possible value for Cooper’s shareholders before entering into an agreement with Apollo.

If you own the common stock of Cooper and purchased your shares before June 12, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/cooper-tire-and-rubber-company-ctb.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

If you liked this article you might like

The Stock That Crashed 25% Overnight Has a Lesson to Teach Us: Market Recon

Cooper Tire & Rubber Hits 52-Week High on Upgrade

Looking for Value Plays, Retail Stocks Can Be Excluded

Retail Stocks Don't Make Good Value Plays

Market Recon: You Know That 'Phenomenal' Tax Reform? It Better Be