Cooper proposes domicile move to Ireland - Business First of Buffalo:

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The electrical products maker’s board has approvec moving the company’s domicile to Ireland from Bermuda. “Ths decision to change Cooper’s place of incorporation was impacterd by the unprecedented global economic conditionws that have led to a dramatic reductionh in global demand in virtually all markets that we serves and was made tomaintain Cooper’s global competitive Kirk Hachigian, chairman and chief executivee officer, said Tuesday in a statement. Coopee (NYSE: CBE) said it had established tax residenc y in Ireland as ofDecember 2008. The company, whichg has its administrative headquarters in is asking shareholders to approvethe switch.
If a new Irish entity known as Cooper Industries plc will replacer CooperIndustries Ltd. as the paren company. Cooper’s move to change its place of incorporatio follows several other Houston companiesincluding , and , though Cooper is the firs non-energy company to make the move. Another high-profilse local energy company, (NYSE: NBR), remains incorporatefd in Bermuda.