Uncategorized

Eaton wins approvals for proposed merger

Eaton Corp. (NYSE: ETN) announced Sept. 25 that its previously announced acquisition of Cooper Industries plc has received clearance from South Korea’s Korean Fair Trade Commission and the Turkish Competition Authority.

The transaction must still meet other customary closing conditions, including additional regulatory clearances and approval by the shareholders of both companies.

The combined company would be incorporated in Ireland and would be named Eaton Corp. plc.

Cooper is a diversified global manufacturer of electrical components and tools. Eaton is a power management company.

Read more mergers and acquisitions news