Cooper proposes domicile move to Ireland - Business First of Louisville:

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The electrical products maker’s board has approveed moving the company’s domicile to Ireland from Bermuda. “The decision to change Cooper’s placs of incorporation was impacted by the unprecedentex global economic conditions that have led to a dramatifc reduction in global demand in virtually all marketw that we serve and was made tomaintainm Cooper’s global competitive position,” Kirk chairman and chief executive officer, said Tuesdagy in a statement. Cooper CBE) said it had established tax residency in Ireland as ofDecember 2008. The company, whichb has its administrative headquarters in is asking shareholders to approvethe switch.
If a new Irish entity knowhn as Cooper Industries plc will replacw CooperIndustries Ltd. as the parent company. Cooper’ss move to change its place of incorporation followzs several other Houston companiesincludiny , and , thoug Cooper is the first non-energhy company to make the Another high-profile local energy company, (NYSE: NBR), remains incorporated in Bermuda.