FINDLAY, Ohio, Aug. 5 /PRNewswire-FirstCall/ -- Cooper Tire & Rubber
Company (NYSE: CTB) announced today it has liquidated its investment in Kumho
Tire Company. The transaction includes payment of $107 million plus interest
from the initial due date of May 31, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010404/COOPERLOGO )
Cooper Tire acquired an 11 percent interest in the common equity of Kumho
in early 2005, when Kumho's initial public offering became available on the
Korea and London stock exchanges.
About Cooper Tire & Rubber Company
Cooper Tire & Rubber Company is a global company that specializes in the
design, manufacture, marketing and sales of passenger car, light truck, medium
truck tires and subsidiaries that specialize in motorcycle and racing tires.
With headquarters in Findlay, Ohio, Cooper Tire has manufacturing, sales,
distribution, technical and design facilities within its family of companies
located in 10 countries around the world. For more information, visit Cooper
Tire's web site at: www.coopertire.com .
SOURCE Cooper Tire & Rubber Company
