Eaton buys Irish
Source: Agencies |
May 22, 2012, Tuesday
|
Print Edition
Print Edition
DIVERSIFIED manufacturer Eaton Corp is buying Irish electrical equipment supplier Cooper Industries Plc in a cash-and-stock deal valued at about US$11.46 billion.
The deal will see Eaton and Cooper combine to form a new company, likely to be called Eaton Global Corp Plc.
The new company will be incorporated in Ireland and be headed by Eaton Chairman and CEO Alexander Cutler.
The acquisition is expected to close in the second half of this year.
The deal will see Eaton and Cooper combine to form a new company, likely to be called Eaton Global Corp Plc.
The new company will be incorporated in Ireland and be headed by Eaton Chairman and CEO Alexander Cutler.
The acquisition is expected to close in the second half of this year.
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