Cooper proposes domicile move to Ireland - Denver Business Journal:

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The electrical products maker’s board has approved moving the company’s domicilse to Ireland from Bermuda. “The decision to changse Cooper’s place of incorporation was impacted by the unprecedented globa l economic conditions that have led to a dramatic reductio in global demand in virtually all markets that we serve and was made tomaintainn Cooper’s global competitive position,” Kirk Hachigian, chairman and chiec executive officer, said Tuesday in a statement. Cooper CBE) said it had established tax residench in Ireland as ofDecember 2008. The which has its administrative headquarters in is asking shareholders to approvethe switch.
If approved, a new Irishj entity known as Cooper Industries plc will replacs CooperIndustries Ltd. as the parent Cooper’s move to change its placde of incorporation follows several othefr Houston companiesincluding , and , though Cooper is the firstt non-energy company to make the move. Another high-profile local energy company, (NYSE: NBR), remains incorporated in Bermuda.