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CBE
Cooper Industries, plc.

5/27/2012, 7:31 PM ET
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CBE Market Currents more »
  • Tuesday 12:26 PM Eaton's (ETN) proposed incorporation in Ireland once its completes its $11.8B acquisition of Cooper (CBE) will allow the combined company to enjoy the country's 12.5% corporate tax rate, saving $160M a year. Eaton will follow seven other U.S. companies that in recent months have renounced their U.S. corporate citizenship through relocation.
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    [U.S. Economy]
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Company Description

Cooper Industries plc. We completed the first step in this reorganization by establishing our tax residency in Ireland in December 2008. At a Special Shareholders’ Meeting on August 31, 2009, shareholders voted in favor of completing the reorganization pursuant to which all Cooper Industries,... More

Sector: Conglomerates
Country: United States