Eaton Corp. (ETN) announced Monday morning that it agreed to acquire Cooper Industries (CBE). Cooper shareholders will receive $39.15 in cash and 0.77479 shares of New Eaton for each Cooper share.
Cooper Industries has gapped open dramatically higher this morning and is now up 13.76 at $69.60 on strong volume. The stock has jumped to a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.