Eaton intends to spin-off of its Lighting Business

|About: Eaton Corporation plc (ETN)|By:, SA News Editor

Eaton (ETN -0.1%) says that it intends to pursue a tax-free spin-off of its Lighting business.

The spin-off will create an independent, publicly traded company and is expected to be completed by the end of 2019.

The said business had sales of $1.7B in 2018, serves customers in commercial, industrial, residential and municipal markets.

Goldman Sachs is serving as Eaton’s financial advisor on the transaction.

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