Cooper to buy back $200 million in notes

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Cooper Tire & Rubber Co. will buy back up to $200 million of its publicly traded notes through open market transactions, a tender offer or a combination of the two.

Cooper's board of directors approved the measure on Aug. 3.

Earlier today, Cooper disclosed that it achieved net sales of $751 million during the second quarter, a record for the company and a $126 million increase over the second quarter of 2006.

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