Eaton's move to Ireland highlights need for US tax reform

Abstract

Eaton Corporation's decision to move its headquarters from the US to Ireland, following its acquisition of Dublin-based electrical equipment supplier Cooper Industries, highlights the need for US tax reform, warn advisers. The deal, which has a transaction equity value of $11.8 billion, will mean Cooper shareholders receive $39.15 per share in cash and 0.77479 in ordinary shares, for 29% premium.