Cooper shareholders vote to keep poison pill

FINDLAY, Ohio (May 8)—Shareholders of Cooper Tire & Rubber Co. narrowly voted to retain the tire maker´s shareholder rights plan, or "poison pill," at the May 2 annual meeting. Because the results, 27,919,501 in favor of dropping the plan and 29,016,863 opposed, were so close, an independent auditor didn´t release final results until May 4. Cooper separately announced it plans to buy back $134 million or 14 percent of its common stock for use in acquisitions and employee benefits plans.