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Cooper-Standard goes on the block; Parent may want to focus on tires.

Publication: Crain's Detroit Business
Publication Date: 29-MAR-04 		Format: Online - approximately 593 words
Delivery: Immediate Online Access

Article Excerpt
Byline: Bruce Davis, Terry Kosdrosky

Novi-based Cooper-Standard Automotive may be up for sale because its Findlay, Ohio-based parent wants to focus its resources on its tire business.

Private-equity buyers are leading candidates if a sale goes through, investment bankers say.

"At this time, our board of directors believes that it is appropriate to evaluate strategic alternatives for the group,'' said Thomas Dattilo, chairman, president and CEO of Cooper Tire & Rubber Co. "We believe that Cooper ... may best be served by dedicating our resources to investing in...

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