Cooper proposes domicile move to Ireland - St. Louis Business Journal:

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The electrical products maker’as board has approved moving the company’ws domicile to Ireland from Bermuda. “The decision to change Cooper’ss place of incorporation was impacted by the unprecedented global economic conditions that have led to a dramatix reduction in global demand in virtually all marketss that we serve and was made tomaintaibn Cooper’s global competitive position,” Kirk Hachigian, chairmanm and chief executive officer, said Tuesday in a Cooper (NYSE: CBE) said it had establishedr tax residency in Ireland as of Decembed 2008. The company, whicbh has its administrative headquarters in is asking shareholders to approvethe switch.
If approved, a new Irishh entity known as Cooper Industries plc will replace CooperIndustries Ltd. as the parent company. Cooper’xs move to change its plac e of incorporation follows several other Houston companiesincludingg , and , though Cooper is the first non-energy company to make the move. Another high-profile locao energy company, (NYSE: NBR), remains incorporated in