Eaton's Pending Acquisition of Cooper Receives Clearance from Competition Bureau of Canada

Eaton Corporation

today announced that its previously announced pending acquisition of Cooper Industries plc has received clearance from the Competition Bureau of Canada. Receipt of this clearance satisfies a condition to the closing of the transaction. The transaction remains subject to other customary closing conditions, including, among others, certain additional regulatory clearances and approval by the shareholders of both Eaton and Cooper. Eaton is a diversified power management company with more than 100 years of experience providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. With 2011 revenues of $16.0 billion, Eaton is a global technology leader in electrical components,