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COOPER TIRE DIRECTORS APPROVE 100 PERCENT STOCK DISTRIBUTION

 COOPER TIRE DIRECTORS APPROVE 100 PERCENT STOCK DISTRIBUTION
 FINDLAY, Ohio, May 5 /PRNewswire/ -- At an organization meeting of the board today, held after the annual stockholders meeting, the directors of Cooper Tire & Rubber Company (NYSE: CTB) approved a two- for-one stock split in the form of a 100 percent stock distribution.
 Distribution of one additional share for each share held will be made June 30, 1992 to stockholders of record June 5, 1992.
 Stockholders at the annual meeting today approved an increase in authorized common stock to 150 million shares. Approximately 41.6 million shares are currently issued and outstanding. After the distribution on June 30, the company will have approximately 83.2 million shares issued and outstanding.
 In announcing the stock split, Ivan W. Gorr, board chairman, stated, "There is an advantage to stockholders and potential stockholders to have Cooper common shares trading in a lower price range. We believe the increased number of shares and a moderate price will help provide an active market for the stock." The trading range of Cooper Tire stock since Jan. 1, 1992 has been $54.75 to $45.13 with May 4's close at $51.00.
 At its regular board meeting on May 4, the directors declared an increased quarterly dividend of nine cents per share. This dividend, for the current quarter, will be paid to holders of those shares outstanding as of the record date June 5, 1992. The board has not declared a dividend on the split shares to be distributed on June 30, 1992.
 -0- 5/5/92
 /CONTACT: J. Alec Reinhardt of Cooper Tire & Rubber, 419-423-1321/
 (CTB) CO: Cooper Tire & Rubber Company ST: Ohio IN: AUT SU:


CG -- CL008 -- 6570 05/05/92 12:27 EDT
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Publication:PR Newswire
Date:May 5, 1992
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