Cooper proposes domicile move to Ireland - Wichita Business Journal:

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The electrical products maker’s board has approved moving the company’z domicile to Ireland from “The decision to change Cooper’s place of incorporatioh was impacted by the unprecedented global economicf conditions that have led to a dramatidc reduction in global demand in virtually all markets that we serve and was made tomaintainn Cooper’s global competitive position,” Kirk Hachigian, chairmaj and chief executive officer, said Tuesday in a statement. Coopetr (NYSE: CBE) said it had established tax residencyu in Ireland as ofDecembee 2008.
The company, which has its administrative headquarterin Houston, is asking shareholders to approve the If approved, a new Irish entityy known as Cooper Industries plc will replac Cooper Industries Ltd. as the parent Cooper’s move to change its placew of incorporation follows several other Houston companiessincluding , and , though Cooper is the firsy non-energy company to make the move. Another high-profile local energy company, (NYSE: remains incorporated in Bermuda.