Eaton Corp. Bid to Buy Cooper Industries Clears EU
24 November 2012 - 2:25AM
Dow Jones News
BRUSSELS--U.S. Eaton Corp. (ETN) won EU approval Friday for its
proposed $11.8 billion purchase of electrical products maker Cooper
Industries PLC's (CBE).
The European Commission, the bloc's antitrust authority, said it
has determined that customers will continue to have alternative
suppliers of electrical products.
The bid combines the electrical equipment and component
businesses of Cooper and Eaton, the commission said.
Write to Alessandro Torello at
alessandro.torello@dowjones.com
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