Apollo Tyres hits new high

MUMBAI, Nov 3 (Business Standard): Apollo Tyres has moved higher by 5 per cent to Rs 229 on the Bombay Stock Exchange (BSE), after the company said that the Delaware Court in the US has ruled in favour of Apollo's motion for Entry of a Declaratory Judgment.

Delaware Chancery Court Judge Sam Glasscock III in its judgement had said Cooper failed to comply with its contractual obligations. On December 31, 2013, Cooper Tire & Rubber Co terminated USD 2.5-billion merger agreement with the Indian firm.