A lawsuit was filed for investors in shares of Cooper Tire & Rubber Company (NYSE:CTB) ffort to stop the proposed takeover and NYSE:CTB stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 06/25/2013 --An investor, who currently holds NYSE:CTB shares, filed a lawsuit in effort to halt the proposed takeover of Cooper Tire & Rubber Company by Apollo Tyres Ltd for $35.00 per NYSE:CTB share.

Investors who purchased shares of Cooper Tire & Rubber Company (NYSE:CTB) prior to June 12, 2013 , and currently hold any of those NYSE:CTB shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:CTB stockholders arising out of the attempt to sell the Cooper Tire & Rubber Company at an unfair price via an unfair process to Apollo Tyres Ltd.

On June 12, 2013, Apollo Tyres Ltd (NSE: ApolloTYRE) and Cooper Tire & Rubber Company (NYSE: CTB) announced the execution of a merger agreement under which a wholly-owned subsidiary of Apollo will acquire Cooper in an all-cash transaction valued at approximately $2.5 billion. Under the terms of the agreement Cooper Tire & Rubber Company stockholders will receive $35.00 per share in cash.

However, the plaintiff claims that the $35-offer is too low and undervalues the company. Indeed, Cooper Tire & Rubber Company’s financial performance improved lately. For instance, it reported that its annual Total Revenue rose from over $3.36 billion in 2010 to over $4.2 billion in 2012 and its respective Net Income increased from $140.45 million to $220.37 million. In addition, shares of Cooper Tire & Rubber Company (NYSE:CTB) grew from $3.44 per share in March 2009 to $28.09 per share in March 2013.

Furthermore, the plaintiff alleges that executives pursued their own interests at the expense of the company's shareholders and agreed to unfair terms with Apollo Tyres Ltd to lock into the agreement.

The plaintiff seeks to stop the proposed takeover under the current conditions.

On June 12, 2013, NYSE:CTB shares closed at $34.66 per share.

Those who are current investors in Cooper Tire & Rubber Company (NYSE:CTB), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Joelle Day
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com