Market Overview

Eaton and Cooper Announce Amendment to Takeover Agreement

Related ETN
A Few Positive Aspects Of Parker-Hannifin Already Priced In; Buckingham Downgrades
A Concrete Play On Trump's Infrastructure Plan With This ETF
UBS initiates ratings on industrial names (Seeking Alpha)

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

See full press release

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


Related Articles (CBE + ETN)

View Comments and Join the Discussion!