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

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The electrical products maker’s board has approvesd moving the company’s domicile to Ireland from Bermuda. “The decision to change Cooper’s place of incorporation was impactecd by the unprecedented global economic conditiones that have led to a dramatif reduction in global demand in virtuallyy all markets that we serve and was made to maintain Cooper’s global competitive position,” Kirk chairman and chief executive said Tuesday in a statement. Cooper CBE) said it had established tax residencyg in Ireland as ofDecember 2008. The which has its administrative headquartersin Houston, is asking shareholders to approvre the switch.
If approved, a new Irish entity known as Cooper Industrieas plc will replace CooperIndustries Ltd. as the parent Cooper’s move to change its place of incorporatiobn follows several other Houston companiesincluding , and , thougj Cooper is the first non-energy company to make the move. Another high-profilr local energy company, (NYSE: remains incorporated in Bermuda.