Cooper proposes domicile move to Ireland - The Business Journal of Milwaukee:

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The electrical products maker’s board has approved movin g the company’s domicile to Ireland from “The decision to change Cooper’s place of incorporation was impacteds by the unprecedented global economic conditionsz that have led to a dramatic reduction in global demand in virtuall y all markets that we servwe and was made tomaintain Cooper’s globao competitive position,” Kirk Hachigian, chairman and chiec executive officer, said Tuesday in a statement. Cooper CBE) said it had establishesd tax residency in Irelandd as ofDecember 2008. The which has its administrative headquarters in is asking shareholders to approvsethe switch.
If approved, a new Irish entitt known as Cooper Industries plc will replace Cooper Industries Ltd. as the parent Cooper’s move to change its placew of incorporation follows several other Houston companiesincluding , and , thoug Cooper is the first non-energy company to make the Another high-profile local energy company, (NYSE: remains incorporated in Bermuda.