So far, the companies have received clearances from all required competition authorities and all necessary approvals, including from the shareholders of both Cooper and Eaton.
Previously, the two firms informed that they have entered into a transaction agreement by which Eaton will buy Cooper through the formation of a new Irish holding company that will be renamed Eaton Corporation (New Eaton).
In connection with this acquisition, the diversified power management company will merge with Turlock, a wholly-owned subsidiary of New Eaton.
Both Eaton and Cooper will be wholly-owned subsidiaries of New Eaton following the consummation of these transactions.
Eaton provides energy-efficient solutions to help its customers effectively manage electrical, hydraulic and mechanical power.
