Cooper Sets Price For Tender Offer

(Akron/Tire Review) Cooper Tire & Rubber Co. announced that it has priced its fixed-spread tender offer to purchase the $350 million aggregate principal amount outstanding of its 7-3/4 per cent notes due 15 December, 2009.

Cooper will pay $1,095.05 for each $1,000 principal amount of the notes tendered and accepted for payment in the tender offer, plus $34.44 for accrued but unpaid interest, said the company. The tender offer is scheduled to expire at 5:00 p.m. Eastern Time on Friday, May 20, unless extended, Cooper said.