Cooper Industries and Danaher Form Joint Venture to Combine Tools Businesses

Cooper Industries, Houston, and Danaher Corp., Washington, D.C., have signed an agreement to combine certain operations of their respective tools manufacturing businesses in a joint venture to create a global business with leading brands, greater scale and a more diversified product portfolio.

Cooper and Danaher each will own a 50-percent share of the new company and will have equal representation on the joint venture's board. The 2009 sales of the two tools businesses on a combined,

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