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COOPER COMPANIES, INC. ANNOUNCES FINAL PRORATION FACTOR

 FORT LEE, N.J., Jan. 17 /PRNewswire/ -- The Cooper Companies, Inc. (NYSE: COO) announced today that $36,769,000 aggregate principal amount of the company's 10-5/8% Convertible Subordinated Reset Debentures due 2005 was validly tendered pursuant to its exchange offer. The final proration factor is, therefore, 81.59%, subject to adjustment as a result of rounding up to the next highest integral multiple of $1,000. On Jan. 6, 1994, the expiration date of the offer, the company accepted for payment and exchange, on a pro rata basis, $30,000,000 principal amount of its Debentures, pursuant to the terms of its exchange offer. Under the terms of the offer, Debentureholders will receive $725 principal amount of the company's new 10% Senior Subordinated Secured Notes due 2003 and $145 in cash for each $1,000 principal amount of Debentures accepted for payment and exchange. The cash portion of the exchange offer consideration and the 10% Senior Subordinated Secured Notes will be mailed to Debentureholders who tendered in the exchange offer on or about Jan. 19, 1994. After giving effect to the exchange, the Company will have outstanding approximately $22,000,000 of new 10% Senior Subordinated Secured Notes and $9,400,000 of Debentures.
 The principal subsidiaries of The Cooper Companies, Inc. are CooperVision, Inc., CooperVision Pharmaceuticals, Inc., CooperSurgical, Inc. and Hospital Group of America, Inc.
 -0- 1/17/94
 /CONTACT: Marisa A. Heine, Peter C. Harkins of D.F. King & Co., Inc., 212-269-5550/
 (COO)


CO: The Cooper Companies, Inc. ST: New Jersey IN: MTC SU:

LG -- NY018 -- 2391 01/17/94 08:44 EST
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Publication:PR Newswire
Date:Jan 17, 1994
Words:266
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