Eyeing Global Expansion, Eaton Agrees to Acquire Cooper Industries for $11.8 Billion

Eaton Corp.’s blockbuster move to acquire Cooper Industries for $11.8 billion took the industry by surprise last week, but the tight fit between the companies, with very little overlap in product lines, shows the logic of the deal.

In acquiring Cooper, which is incorporated in Ireland but is run from Houston, Cleveland-based Eaton will significantly increase the capabilities and geographic breadth of its power management portfolio and its electrical business overall. Cooper’s experien

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