Manufacturers

Eaton’s acquisition of Cooper gets clearance in South Korea, Turkey

The Eaton Corporation said yesterday that its previously announced pending acquisition of Cooper Industries plc has received clearance from South Korea’s Korean Fair Trade Commission and the Turkish Competition Authority.

Receipt of these clearances 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 and Cooper have scheduled shareholder meetings on Oct. 26th whether or not to approve the acquisition.

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