Oct 16, 2019
Eaton has entered into an agreement to sell its recently named Lighting business, Cooper Lighting, to Signify for a cash purchase price of $1.4 billion. The decision to sell the Lighting business comes after completing a comprehensive review of various potential transaction alternatives to maximize shareholder value.
Eaton's Lighting business is one of the world’s leading providers of LED lighting and control solutions. Its broad range of innovative products and systems are designed to maximize performance and energy efficiency. The business, which had sales of $1.7 billion in 2018, serves customers in commercial, industrial, residential and municipal markets.
“Today’s announcement is another example of how we are actively managing our portfolio to create value for our shareholders,” said Craig Arnold, Eaton chairman and chief executive officer.
The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the first quarter of 2020. Goldman, Sachs & Co. LLC., is acting as financial advisor to Eaton.
Source
Eaton's Wiring Devices AL series dimmers offer a versatile option for any dimming application - fine tune the dimming performance to match your exact needs and change colors as needed to suit any décor.
Color change kits come with three color faceplates, offering design flexibility within one product. Select models are available in 4 different color combination packs.
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As the government continues a gradual, staged approach to reopen Ontario, ESA is assessing how they can safely resume in-person classroom training while adhering to Ontario Public Health guidelines. ESA is continuing to monitor key public health indicators and Stage 3 restrictions as efforts begin to reschedule previously postponed in-person classroom courses.
If you are registered in a postponed ESA course, they will notify you in the next couple of weeks of the rescheduled date. Please note that online courses are continuing as scheduled.
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Copper $US Dollar price per pound
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