☰

Telecomunicaciones y tecnología

Eaton to buy Cooper Industries for $11.8 billion


    (Reuters) - Diversified industrial manufacturer Eaton Corp said it will buy electrical equipment maker Cooper Industries for $11.8 billion in cash and stock.

    The offer of $72 per share is a 29 percent premium to Cooper's Friday closing price. Cooper shareholders will get $39.15 in cash and 0.77479 in Eaton share for every share they own.

    (Reporting by A. Ananthalakshmi in Bangalore; Editing by Saumyadeb Chakrabarty)