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Cooper Industries was an American worldwide electrical products manufacturer headquartered in Houston, Texas. Founded in 1833, the company had seven operating divisions including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products.
Cooper Wiring Devices is a division of Cooper Industries and provides a range of residential, institutional and industrial grade electrical devices and wiring for consumers and building contractors. The company is the successor to both Arrow-Hart & Hegeman and Eagle Electric , both of which Cooper Industries had acquired.
It was created in 1957 through a merger of McGraw Electric and Thomas A. Edison, Inc., and was in turn acquired by Cooper Industries in 1985. Today, the McGraw-Edison brand is used on industrial, commercial, and institutional lighting products, and has been owned by the Pennsylvania Transformer Technologies Inc. since 1996.
Although Cooper Industries shows inventory growth that outpaces revenue growth, the company may also display positive inventory divergence, suggesting that management sees increased demand on the ...
Eaton Corporation plc completed its acquisition of Cooper Industries on 30 Nov 2012. The $13 billion acquisition of Cooper (US$5.4B Sales revenue (2011)), became the largest in Eaton's (US$16B Sales Revenue (2011)) 101-year history. [18] On 17 Mar 2021, Eaton completed the acquisition of Tripp Lite for $1.65 billion. President and COO of ...
So what: In the announced deal, Cooper shareholders will get $39.15 per share in cash and 0.77479 share of Eaton stock, worth about $72 per share in total. The buyout is expected to add $0.65 per ...
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