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Eaton Plans To Pursue Spin-off Of Lighting Business

Eaton (ETN) said that it plans to pursue a spin-off of its Lighting business. The spin-off will create an independent, publicly traded company and is expected to be completed by the end of 2019. Goldman Sachs is serving as Eaton's financial advisor on the transaction.

The Lighting business, which had sales of $1.7 billion in 2018, serves customers in commercial, industrial, residential and municipal markets.

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