Cooper proposes domicile move to Ireland - bizjournals:

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The electrical products maker’s board has approvedc moving the company’s domicile to Irelane from Bermuda. “The decision to changre Cooper’s place of incorporation was impactes by the unprecedented global economicd conditions that have led to a dramatic reduction in globall demand in virtually all markets that we serve and was made tomaintainj Cooper’s global competitive position,” Kirk Hachigian, chairman and chief executivr officer, said Tuesday in a statement. Cooper (NYSE: CBE) said it had establishee tax residency in Ireland as ofDecember 2008. The which has its administrative headquartersin Houston, is askinyg shareholders to approve the switch.
If approved, a new Irish entitu known as Cooper Industries plc will replacr CooperIndustries Ltd. as the paren company. Cooper’s move to chang its place of incorporatio follows several other Houston companiesincluding , and , thoug Cooper is the first non-energy company to make the move. Anothetr high-profile local energy company, (NYSE: remains incorporated in Bermuda.