Diversified industrial manufacturer Eaton Corporation today announced that its previously announced pending acquisition of Cooper Industries plc has received clearance from the Competition Bureau of Canada.
Receipt of this clearance satisfies a condition to the closing of the transaction. The transaction remains subject to other customary closing conditions, including, among others, certain additional regulatory clearances and approval by the shareholders of both Eaton and Cooper.
Eaton is a diversified power management company with more than 100 years of experience providing energy-efficient solutions that help its customers effectively manage electrical, hydraulic and mechanical power.
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