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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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at MarketWatch.com (Mon, 5:10PM)
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at MarketWatch.com (Mon, 4:52PM)
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at MarketWatch.com (Mon, 4:22PM)
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at CNBC.com (Mon, 4:16PM)
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at CNBC.com (Mon, 9:47AM)
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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