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Stock impact report

Eaton Shifts Gears, Chooses to Sell Lighting [The Motley Fool]

Eaton Corporation, PLC Ordinary Shares (ETN) 
Last eaton corporation, plc ordinary shares earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: The Motley Fool
Eaton Shifts Gears, Chooses to Sell Lighting Eaton was going to spin off its lighting business, but now it's selling it. That's a win for shareholders who prefer to keep things simple. In late 2012 Eaton ( NYSE:ETN ) completed the acquisition of Cooper Industries, its biggest purchase ever. While it worked to absorb those businesses into its own, it largely stepped back from the bargaining table. However, with the integration process now complete, Eaton has been getting more active on the acquisition and divestiture front . The biggest move was the announcement that it would spin off its lighting business. But the company just shifted gears, agreeing to sell the division, in a move that should be very good for shareholders. Here's why. Eaton is an industrial conglomerate. Its business spans across electrical, aviation, vehicle, and hydraulic products. The over-100-year-old company's history is filled with acquisitions and divestitures as it hones its portfolio to best meet the market Show less Read more
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