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Standard Products Shareholders Approve Acquisition By Cooper Tire & Rubber Company

26 October 1999

Standard Products Shareholders Approve Acquisition By Cooper Tire & Rubber Company

    CLEVELAND, Oct. 26 -- Shareholders of The Standard Products
Co. , meeting here today, approved the acquisition of Standard
Products by Cooper Tire & Rubber Company .   The Company
anticipates that the merger will close tomorrow, Wednesday, October 27, 1999,
after the close of trading on the New York Stock Exchange.
    If the average of the high and low sale price per share of Cooper stock on
the New York Stock Exchange on the closing date is equal to or greater than
$18.00, each Standard Products common share converted into the right to
receive Cooper stock will receive 1.825 shares of Cooper stock.  However, if
the average price per share on the closing date is less than $18.00, each
Standard common share will be converted into the right to receive $36.50 in
cash.
    The conditions to the closing, the merger agreement, the Cooper stock to
be issued in the merger, certain risks related to the proposed acquisition,
and other aspects of the proposed merger are described in the proxy statement-
prospectus dated September 15, 1999, that was filed with the United States
Securities and Exchange Commission and mailed to Standard's shareholders on or
about that date.  This release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.