The Firm represented Cooper-Standard Holdings Inc. (“Cooper Standard”) (NYSE: CPS) in connection with an SEC-registered secondary offering of 2,278,031 shares of common stock by certain selling stockholders at a public offering price of $68 per share. The 2,278,031 shares of common stock sold in the offering included 278,031 shares that were offered and sold pursuant to a partial exercise of the underwriters’ option to purchase additional shares.
Goldman, Sachs & Co. acted as the representative of the underwriters for the offering, which also included Merrill Lynch, Pierce, Fenner & Smith Incorporated, KeyBanc Capital Markets Inc., CRT Capital Group LLC and The Buckingham Research Group Incorporated.
Cooper Standard is a leading manufacturer of sealing, fuel and brake delivery, fluid transfer and anti-vibration systems. Cooper Standard’s products are primarily used in passenger vehicles and light trucks that are manufactured by global automotive original equipment manufacturers and replacement autoparts markets.
The Simpson Thacher team for the transaction included Ken Wallach, Sunny Cheong and Christine Marshall (Capital Markets); Jennie Getsin (Blue Sky); Jonathan Cantor and Jodi Schneider (Tax); Jamin Koslowe and Monisha Bhayana (Executive Compensation and Employee Benefits); Krista McManus (Real Estate); and Genevieve Dorment and Jeff Levine (Intellectual Property).