Revised Cooper-Standard Plan Would Boost Liquidity

Law360, New York (March 22, 2010, 5:15 PM EDT) -- Cooper-Standard Holdings Inc. has entered into an amended plan of reorganization, supported by powerful creditors holding secured debt, that contemplates the issuance of new common and preferred stock and warrants worth $355 million to the bankrupt auto parts firm.

Saturday's filing, in the U.S. Bankruptcy Court for the District of Delaware, contemplates aggregate gross proceeds to Cooper-Standard that would mark a healthy boost over an offering valued at $245 million contemplated in the original plan.

"The amended plan, the rights offering and all related transactions have...
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