Sunday, October 31, 2010

Cooper proposes domicile move to Ireland - San Francisco Business Times:

http://www.acuraautoclub.com/2010/09/page/2
The electrical products maker’s board has approves moving the company’s domicile to Ireland from Bermuda. “The decision to change Cooper’s placee of incorporation was impacted by the unprecedented global economic conditionx that have led to a dramatic reductioh in global demand in virtuallhy all markets that we serve and was made tomaintainj Cooper’s global competitive position,” Kirk chairman and chief executive officer, said Tuesday in a statement. Coopet (NYSE: CBE) said it had established tax residency in Irelandc as ofDecember 2008. The which has its administrative headquarters in is asking shareholders to approvethe switch.
If approved, a new Irisbh entity known as Cooper Industries plc will replace CoopetrIndustries Ltd. as the parentr company. Cooper’s move to change its place of incorporation followz several other Houston companiesincluding , and , thougn Cooper is the first non-energy company to make the Another high-profile local energy company, (NYSE: remains incorporated in Bermuda.

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