Eaton Says Three Advisory Firms Recommend Shareholders Vote for Acquisition of Cooper

Diversified industrial manufacturer Eaton Corporation

today announced that all three leading independent proxy advisory firms-- Institutional Shareholder Services (ISS), Glass Lewis and Egan-Jones-- have recommended that Eaton Corporation shareholders vote in favor of adopting the transaction agreement in which Eaton will acquire Cooper Industries plc

through the formation of a new holding company incorporated in Ireland, which will be renamed Eaton Corporation plc. In recommending that the transaction be approved, ISS noted, “Given the sound strategic rationale and positive market reaction through the date of this analysis, a vote FOR the merger is warranted.”