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Eaton and Cooper Announce Amendment to Takeover Agreement

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As previously announced on May 21, 2012, Eaton Corporation (NYSE: ETN)
and Cooper Industries plc (NYSE: CBE) entered into a 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 and Cooper announce that, in order to provide
more clarity on specific steps to be taken in connection with the
transaction, they have entered into an amendment (the “Amendment”) to
the transaction agreement (as previously amended by an amendment dated
June 22, 2012).

The Amendment makes no changes to the amount or timing of payment of the
scheme consideration, the conditions to the consummation of the
transaction

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

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