Eaton and Cooper Industries enter into amendment to transaction agreement
Eaton and Cooper Industries said on May 21, 2012, they entered into transaction agreement by which Eaton will acquire Cooper through the formation of a new holding company incorporated in Ireland that will be renamed Eaton Corporation plc. Eaton said that the Amendment makes no changes to the amount or timing of payment of the scheme consideration, the conditions to the consummation of the transaction or any other substantive provisions of the transaction agreement.
Eaton Corp., a diversified power management company based in Cleveland, has acquired Dublin, Ireland-based Cooper Industries, the parent company of Cooper Power Systems in Waukesha.