If Apollo pulls out of deal, it will cost $112.5 million
Say "corporate proxy" and most people’s eyes glaze over, except those of MTD Editor Bob Ulrich, who has scoured Cooper Tire & Rubber Co.’s proxy materials for intimate details on the merger with Apollo Tyre Ltd.
And he found some! Among his findings: It would cost Apollo $112.5 million to pull out of the deal.
What other interesting facts did he uncover as he unwound the corporate disclaimers and legalese? Can Cooper's board of directors change its mind?
And what did Cooper officials have to say about the deal in the proxy materials?
For details, see Ulrich's latest blog, “Cooper reveals more information about 'The Deal' in its proxy statements.”