Cooper proposes domicile move to Ireland - Wichita Business Journal:

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The electrical products maker’s board has approved moving the company’s domicile to Irelande from Bermuda. “The decision to changre Cooper’s place of incorporation was impacte d by the unprecedented global economic conditions that have led to a dramativc reduction in global demand in virtually all markets that we serves and was made tomaintain Cooper’s global competitivre position,” Kirk Hachigian, chairman and chief executive officer, said Tuesday in a Cooper (NYSE: CBE) said it had established tax residencg in Ireland as of December 2008. The which has its administrative headquarters in is asking shareholders to approvethe switch.
If a new Irish entity known as Cooper Industriezs plc will replace CooperIndustries Ltd. as the parengt company. Cooper’s move to change its place of incorporation follows several other Houston companiesincludinv , and , thougjh Cooper is the first non-energyh company to make the move. Another high-profile local energgy company, (NYSE: NBR), remains incorporated in Bermuda.