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Cooper prices fixed spread tender offer

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Cooper Tire & Rubber Co has priced its fixed spread tender offer to buy any and all of the $350 million aggregate principal amount outstanding of notes due on Dec. 15.

Upon completion of the offer, Cooper will pay $1.095.05 cash for each $1,000 principal amount of notes tendered and accepted for payment in the tender offer, plus $34.44 accrued but unpaid interest assuming the settlement date is May 25, 2005.

The tender offer is slated to expire at 5 p.m. this Friday, unless extended, say Cooper officials.

The purchase price for notes tendered and accepted for payment pursuant to the tender offer is payable only to shareholders who validly tender their notes before that deadline and who do not validly withdraw their tender.

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