As filed with the Securities and Exchange Commission on July 11, 2000
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 7, 2000
COOPER TIRE & RUBBER COMPANY
(Exact name of registrant as specified in its charter)
DELAWARE 1-4329 34-4297750
(State or other (Commission (I.R.S. employer
jurisdiction of File Number) identification no.)
incorporation)
Lima and Western Avenues, Findlay, Ohio 45840
(Address of principal executive offices)
(Zip Code)
(419) 423-1321
(Registrant's telephone number, including area code)
The Exhibit Index is located at page 3.
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Item 5. Other Events
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Cooper Tire & Rubber Company announced that it has completed the sale
of its Holm Industries, Inc. subsidiary to an affiliate of Madison
Capital Partners, a Chicago-based investment firm with holdings in
plastics and capital equipment.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(c) Exhibits. The following exhibit is filed herewith:
Exhibit No. Description
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99 Cooper Tire & Rubber Company press release issued
July 7, 2000
SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
COOPER TIRE & RUBBER COMPANY
By: /S/ Eileen B. White
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EILEEN B. WHITE
Corporate Controller
(Principal Accounting Officer)
July 11, 2000
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(Date)
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EXHIBIT INDEX
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EXHIBIT DESCRIPTION
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99 Cooper Tire & Rubber Company press release issued July 7, 2000
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Exhibit 99
COMPANY CONTACT: Roger S. Hendriksen FOR IMMEDIATE RELEASE
(419) 427-4768 July 7, 2000
COOPER TIRE & RUBBER COMPANY FINALIZES SALE OF PLASTICS UNIT
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FINDLAY, OHIO, July 7, 2000 - COOPER TIRE & RUBBER COMPANY (NYSE:CTB) has
announced the completion of the sale of its Holm Industries, Inc. subsidiary
to an affiliate of Madison Capital Partners, a Chicago-based investment firm
with holdings in plastics and capital equipment.
The sale closed on June 30, 2000. The cash consideration for the business
totaled approximately $100 million.
Holm Industries was the largest business unit in Cooper's Plastics Division,
which Cooper previously had announced would be sold.
Holm is a leading producer of extruded plastic sealing products for the
appliance and construction industries. Through its OEM/Miller unit, which was
included in the deal, Holm is also a leading producer of corrugated plastic
tubing for the appliance and automotive industries.
Cooper will continue its efforts to sell the remaining portion of its Plastics
Division, which now includes only its extruded plastic trim operations.
Company Description
Cooper Tire & Rubber Company is headquartered in Findlay, Ohio and specializes
in the manufacture and marketing of automotive products. Products for
Cooper's tire group include automotive, motorcycle and truck tires, inner
tubes, tread rubber and equipment. In the automotive group, Cooper is an
original equipment supplier of sealing, trim, NVH control systems and fluid
handling systems for the automotive industry in North America, Europe,
Australia and South America. Cooper has more than 23,000 employees and 63
manufacturing facilities in 13 countries. For more information, visit the
Company's web site at: www.coopertire.com.
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