This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Three Leading Independent Advisory Firms Recommend Shareholders Vote FOR Eaton’s Proposed Acquisition Of Cooper

Stocks in this article: CBE ETN

Diversified industrial manufacturer Eaton Corporation (NYSE: ETN) today announced that all three leading independent proxy advisory firms-- Institutional Shareholder Services (ISS), Glass Lewis and Egan-Jones-- have recommended that Eaton Corporation shareholders vote in favor of adopting the transaction agreement in which Eaton will acquire Cooper Industries plc (NYSE: CBE) through the formation of a new holding company incorporated in Ireland, which will be renamed Eaton Corporation plc.

In recommending that the transaction be approved, ISS noted, “Given the sound strategic rationale and positive market reaction through the date of this analysis, a vote FOR the merger is warranted.”

“We are pleased that all three proxy advisory firms have acknowledged the merits of the transaction and have recommended that shareholders vote to approve the transaction agreement,” said Alexander M. Cutler, Eaton chairman and chief executive officer.

Eaton Corporation would like to remind shareholders to vote on the transaction agreement. It is the subject of a special meeting of Eaton Corporation shareholders in Eaton Center, located at 1111 Superior Avenue, Cleveland, Ohio on Friday, October 26, 2012 at 3 p.m. local time. Eaton Corporation shareholders of record at the close of business on September 13, 2012, whether or not they attend the meeting, are entitled and urged to vote at this special meeting.

Eaton Corporation shareholders may vote their shares by completing, signing, dating and returning the proxy card; using the toll - free telephone number shown on the proxy card; or using the internet website shown on the proxy card. Shareholders that hold Eaton Corporation common stock through a bank or broker should follow the voting instructions provided by their bank or broker.

Eaton Corporation shareholders who have questions about the transaction or other matters to be voted on at the special meeting, or would like additional copies of the proxy statement/prospectus or additional proxy cards, may contact Eaton Corporation’s proxy solicitors, The Proxy Advisory Group, LLC: 888.55.PROXY or Mackenzie Partners: (800) 322-2885.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,445.84 -232.86 -1.32%
S&P 500 2,041.75 -15.34 -0.75%
NASDAQ 4,718.2360 -53.5270 -1.12%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs