CTB Cooper Tire and Rubber Co

FINDLAY, Ohio, Nov. 16 /PRNewswire-FirstCall/ -- COOPER TIRE & RUBBER COMPANY (NYSE:CTB) announced today that its Board of Directors authorized the repurchase of up to $100 million worth of the Company's common stock through open market transactions. This authorization to repurchase common stock supersedes and effectively cancels the previous share repurchase program authorized by the Board in February of 2005. (Logo: http://www.newscom.com/cgi-bin/prnh/20010404/COOPERLOGO ) Company Description 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 66 manufacturing, sales, distribution, technical and design facilities within its family of companies located around the world. For more information, visit Cooper Tire's web site at: http://www.coopertire.com/ . http://www.newscom.com/cgi-bin/prnh/20010404/COOPERLOGO http://photoarchive.ap.org/ DATASOURCE: Cooper Tire & Rubber Company CONTACT: Curtis W. Schneekloth of Cooper Tire & Rubber Company, +1-419-427-4768 Web site: http://www.coopertire.com/

Copyright