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Cooper announces prices for tender offer

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Cooper Tire & Rubber Co. has set prices for its fixed spread tender offer, which expires on Dec. 13.

Cooper has "determined the consideration to be paid in connection with its fixed spread tender offer to purchase up to $175 million in aggregate principal amount of its outstanding 7-3/4% notes due 2009, 7-5/8% notes due 2027 and 8% notes due 2019," say Cooper officials.

Upon consummation of the offer, Cooper will pay shareholders "who validly tendered and did not withdraw their notes at or prior to 5 p.m., New York City time, on Nov. 29, 2005, the total consideration of $1,000.87 for each $1,000 principal amount of 7-3/4% notes accepted for purchase, $893.20 for each $1,000 principal amount of 7-5/8% notes accepted for purchase, and $965.36 for each $1,000 principal amount of 8% notes accepted for purchase, plus, in each case, accrued and unpaid interest up to, but not including, the settlement date."

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