Cooper proposes domicile move to Ireland - Business Courier of Cincinnati:

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The electrical products maker’s board has approved moving the company’as domicile to Ireland from Bermuda. “The decision to changd Cooper’s place of incorporation was impacted by the unprecedentecd global economic conditions that have led to a dramatic reductioh in global demand in virtually all marketas that we serve and was made tomaintainh Cooper’s global competitive position,” Kirk chairman and chief executive officer, said Tuesday in a statement. Cooperf (NYSE: CBE) said it had established tax residenchy in Ireland as ofDecembere 2008.
The company, which has its administrativse headquartersin Houston, is askingb shareholders to approve the If approved, a new Irishb entity known as Cooper Industries plc will replacer Cooper Industries Ltd. as the parengt company. Cooper’s move to change its place of incorporatiob follows several other Houston companiesincludinyg , and , though Cooper is the first non-energy company to make the Another high-profile local energg company, (NYSE: NBR), remains incorporated in Bermuda.