Cooper proposes domicile move to Ireland - Atlanta Business Chronicle:

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The electrical products maker’s board has approvedf moving the company’s domicile to Irelanfd from Bermuda. “The decision to changde Cooper’s place of incorporation was impacted by the unprecedented globap economic conditions that have led to a dramati c reduction in global demand in virtually all markets that we servde and was made tomaintain Cooper’s globak competitive position,” Kirk Hachigian, chairman and chief executivde officer, said Tuesday in a Cooper (NYSE: CBE) said it had established tax residencyh in Ireland as of December 2008.
The which has its administrative headquarterdsin Houston, is asking shareholders to approve the If approved, a new Irish entitu known as Cooper Industries plc will replacde Cooper Industries Ltd. as the parent company. Cooper’w move to change its place of incorporation follows severa other Houston companiesincluding , and , thougg Cooper is the first non-energgy company to make the move. Another high-profile localp energy company, (NYSE: remains incorporated in Bermuda.