According to reports, Cooper Tire & Rubber Company recently stated that it has filed a lawsuit against Apollo Tire India in a U.S. court to force the latter to complete the M&A transactions between the two companies in a timely manner. Cooper Tire filed a lawsuit against the Delaware Chancery Court in the United States recently, accusing Apollo Tire of intentionally delaying the settlement of the issue with the USW, which required Cooper Tire and Apollo to be completed before the merger transaction was completed. Tire reached new labor agreement. Cooper tires CEO Oroy Armes said in a statement: "This complaint is a necessary step to ensure that the terms of the merger agreement meet the requirements. We also insist on doing everything possible to complete this transaction in a timely manner." In the face of Cooper Tire's lawsuit, Apollo Tire expressed disappointment and stated that it is working to complete the acquisition of Cooper Tire as soon as possible. The company said in a statement: “The Cooper Tire took this unusual move and questioned our motives and we were disappointed that the lawsuit had no basis.†Apollo Tire announced in June 2013 that it will fully purchase 2.5 billion U.S. dollars in debt for the acquisition of Cooper tires. Although approved by Cooper Tire shareholders in the voting at the end of last month, the deal still faces a series of obstacles. In addition to the need to reach a labor agreement with the US Steel Workers Union (USW), Cooper tires are in China. It also faces strong resistance from the joint venture partner Chengshan Group. Combination Machine,Tin Can Seaming Machin,Tinplate Can Making Machine ,Canning Machine Zhoushan Putuo BODA Machinery Co., Ltd. , https://www.boda-machinery.com