Industry | 2010.03.27
Cooper Industries and Danaher to Form Global Tools Business Through Joint Venture
DUBLIN--(BUSINESS WIRE)--Cooper Industries plc (NYSE:CBE) and Danaher Corporation (NYSE:DHR) today announced the creation of a joint venture combining Cooper’s Tools business with certain tools businesses from Danaher Corporation’s Tools and Components segment. Cooper and Danaher each will own a 50% share of the new company. This joint venture will combine two highly complementary tools businesses with well known brands, experienced management teams and global customer bases. Cooper&
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