Eaton's pending acquisition of Cooper cleared by South Korea, Turkey

Eaton Corporation (ETN) announced that its previously announced pending acquisition of Cooper Industries (CBE) has received clearance from South Korea’s Korean Fair Trade Commission and the Turkish Competition Authority. Receipt of these clearances satisfies a condition to the closing of the transaction. The transaction remains subject to other customary closing conditions, including, among others, certain additional regulatory clearances and approval by the shareholders of both Eaton and Cooper.