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Cooper Tire & Rubber sells Cooper-Standard Automotive for $1.1 billion

December 2004

Jones Day advised Cooper Tire & Rubber Company in connection with the $1.165 billion sale of its automotive group, Cooper-Standard Automotive, to The Cypress Group and Goldman Sachs Capital Partners. Cooper Standard is a leading manufacturer of fluid handling systems, body sealing systems, and active and passive vibration control systems serving the automotive OEM market. Proceeds from the sale will be used for debt reduction, investment in Cooper’s tire operations to repurchase shares, or a combination thereof.

For additional information about this matter, please contact: Charles W. Hardin Jr.

Client(s): Cooper Tire & Rubber Company
Practice(s): M&A