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Eaton acqusition of Cooper Industries get EU approval

The European Commission announced it has cleared under the EU Merger Regulation the proposed acquisition of Cooper Industries (CBE) by Eaton Corporation (ETN). The transaction combines the electrical equipment and component businesses of Cooper and Eaton. The Commission's investigation confirmed that following the transaction customers in the electrical components industry will continue to have alternative electrical products suppliers and that the transaction would not significantly impede effective competition in the European Economic Area or a substantial part of it.